Funding

SBIR Program

The Small Business Innovation Research (SBIR) Program is a highly competitive three-phase award system which provides qualified small business concerns with opportunities to propose innovative ideas that meet the specific research and research and development needs of the Federal Government.

STTR Program

The Small Business Technology Transfer Program is a highly competitive three-phase program that reserves a specific percentage of Federal research and development funding for award to small businesses in partnership with nonprofit research institutions. This moves ideas from the laboratory to the marketplace, to foster high-tech economic development and to address the technological needs of the Federal Government.

Applied Research Grant Program

The Arkansas Science & Technology Authority's Applied Research Grant Program is a (50:50) cash-matching effort to support applied research in science and engineering. (A match of $2 from the state is available for every $1 from an Arkansas business with 50 or fewer employees.) The goal of the Applied Research Grant Program is to stimulate the transfer of science and technology in Arkansas by enhancing opportunities for research partnerships between Arkansas colleges and universities and private industries.

Basic Research Grant Program

The Arkansas Science & Technology Authority's Basic Research Grant Program is a competitive, (60 percent state: 40 percent institution) matching grant effort to support basic research in science and engineering. The goals of the Basic Research Grant Program are to promote and support the growth and development of Arkansas scientists and to enhance the status of science and engineering in Arkansas colleges and universities.

Arkansas Research Matching Fund

The Arkansas Research Matching Fund provides state funds to match federal awards for research and research equipment. The goal of the Arkansas Research Matching Fund is to improve the state's federal research and development ranking by investing in research and research infrastructure.

Research & Development Tax Credit Program

The Research & Development Tax Credit Program allows credits against a taxpayer's Arkansas state income tax for making certain qualified research expenditures as well as certain donations or sales below cost of new machinery and equipment to a qualified research program.

Seed Capital Investment Program

The Arkansas Science & Technology Authority's Seed Capital Investment Program (SCIP) can provide working capital to help support the initial capitalization or expansion of technology-based companies located in Arkansas. The program can provide working capital up to $500,000 of the company's total financing needs. Investments made by the SCIP fund can be repaid through a variety of instruments, including direct loans, participations and royalties.

Centers for Applied Technology Program

The Arkansas Science & Technology Authority's Centers for Applied Technology Program is a competitive effort to support applied technology in areas of advanced materials and manufacturing systems; agriculture, food and environmental sciences; biotechnology, bioengineering and life sciences; and, information technology. The benefits of establishing a center is that an income tax credit equal to 33% of qualified research expenditures may be allowed to an Arkansas taxpayer who invests in an active project under research and development programs offered by the Arkansas Science and Technology Authority.

Other sources of research and technology financial support include:

  • Technology Development Program
  • Technology Transfer Assistance Grant Program (TTAG)
  • Research & Development Tax Incentives
  • EPSCoR: Experimental Program to Stimulate Competitive Research
  • Capital Access Arkansas

Please contact our office or the Arkansas Science & Technology Authority to learn more about these and other financial resources for research and technology.

Arkansas Science & Technology Authority

http://www.asta.arkansas.gov/index.html
Note

The budget allocation for the Authority's Research Grant Program was zero at the beginning of fiscal year 2005. In light of this zero allocation, the Arkansas Science & Technology Authority's Board of Directors decided to suspend the receipt of research proposals for the February 15, 2005 solicitation date. The solicitation date normally affects both basic and applied research proposals.