Delaware SB315 amends the Delaware Technical Innovation Program to provide matching funds for small businesses receiving federal SBIR or STTR awards.

Delaware SB315 amends Title 29 of the Delaware Code to modify the Delaware Technical Innovation Program. The bill allows the Division to administer state matching funds for small businesses that have received federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) Phase I or Phase II awards. To qualify, a small business must have its principal place of business in Delaware and certify that the funded work will benefit the state's economy. The Council can allocate funds for the program annually based on available resources.

Delaware SB315 amends the Delaware Technical Innovation Program to provide matching funds for small businesses receiving federal SBIR or STTR awards.

Delaware SB315 amends Title 29 of the Delaware Code to modify the Delaware Technical Innovation Program. The bill allows the Division to administer state matching funds for small businesses that have received federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) Phase I or Phase II awards. To qualify, a small business must have its principal place of business in Delaware and certify that the funded work will benefit the state's economy. The Council can allocate funds for the program annually based on available resources.