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Small Business Grant Assistance Program

Over the last five years, the Virginia success rate for SBIR’s has only been 16 percent. We have had a limited number of awards in Region 4, with several years recording single-digit awards. SBIR funding is instrumental to assist in increasing the number of entrepreneurs and startups in high-growth industry sectors. In order to help drive additional SBIR awards, Activation Capital will help with SBIR grant writing and administrative services for up to six grants as supported through GO Virginia funding.

What are the objectives of SBIR funding?

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Stimulate technological innovation

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Meet federal research and development needs

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Increase private sector commercialization of innovations developed through federal R&D funding

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Foster and encourage participation in innovation and entrepreneurship by socially and economically disadvantaged persons and women-owned small businesses

Benefits:

  • Applicant must be a small business

  • Organized for-profit U.S. business

  • 500 or fewer employees, including affiliates

  • ˃ 50% U.S.-owned by individuals and independently operated OR ˃ 50% owned and controlled by another (one) business that is ˃ 50% owned and controlled by one or more individuals

OR

  • (SBIR ONLY) ˃ 50% owned by multiple venture capital operating companies, hedge funds, private equity firms, or any combination of these

Submission Date: January 5th

Estimated Award Date: July

Submission Date: April 5th

Estimated Award Date: September or December

Any company/individual working in the following localities:

The Cities of Colonial Heights, Emporia, Hopewell, Petersburg, Richmond; the town of Ashland; and the Counties of Charles City, Chesterfield, Dinwiddie, Goochland, Greensville, Hanover, Henrico, New Kent, Powhatan, Prince George, Surry and Sussex.

Activation Capital will help with SBIR grant writing and administrative services for up to six grants as supported through GO Virginia funding.

Please submit your pitch deck (limited to 20 slides) to: info@activation.capital

Slides should cover (at a minimum): problem, solution, market size, competitive landscape, team and SBIR grant request amount

Have questions?

Contact Sara Maddox: sara@activation.capital

We are honored to announce that the Richmond-Petersburg region is a winner of the national Build Back Better Regional Challenge and are thankful for the collaboration that made this transformative grant possible.

Learn more about the award and how it will spark transformational change.