9 companies receive nearly $2.2 Million
State officials on Monday announced the recipients of its most recent round of funding for high-tech small businesses.
Nine Kentucky-based companies will share nearly $2.2 million in state funding as part of a program that matches two federal grant programs up to a certain dollar amount. This round of state awards comes on top of more than $6 million in federal funding to the firms, according to state officials.
Kentucky is the only state to match both phases of the federal Small Business Innovation Research and Small Business Technology Transfer programs. The state offers up to $100,000 for Phase 1 federal awards for the grants and up to $500,000 per year for up to two years for Phase 2 federal awards.
At a recent high-tech conference, "there was a line of people from all around the world wanting to talk to people about this program," said Gov. Steve Beshear who spoke at the press conference recognizing the recipients on Monday.
To read the full, original article click on this link: State awards high-tech funding - Daily Business Report - Kentucky.com
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