Governor Laura Kelly announces new grant program for small business research and development
Written by: Press Release Posted by David Elliott
Publication date: 09/22/2022
Governor Laura Kelly announced a new program that will help Kansas small businesses innovate, bring new products and services to market, and compete globally.
The Small Business Research and Development Acceleration Grants, which were approved by the 2022 Legislature and signed into law by Governor Kelly, are made available through the Kansas Department of Commerce.
“These grants allow small businesses to access new markets and stay ahead of our rapidly changing economy,” Governor Laura Kelly said. “My goal from day one has been to strengthen the Kansas economy. By driving innovation, we help Kansas businesses achieve new levels of growth and prosperity.
Small Business Research and Development Acceleration Grants are designed to help small businesses in Kansas advance a product or service toward commercialization, modify a product or service to enter a new market, or win a new client by leveraging higher education facilities, equipment and expertise.
Prospective grant recipients will work with a Kansas public institution of higher education to conduct research and development and will receive a 50/50 matching grant of up to $25,000.
“Combining the research and development power of Kansas’ higher education system with individual companies will prove transformational in our state’s already strong business climate,” said Lieutenant Governor David Toland. “It’s a classic example of how good public policy can positively influence economic development.”
The grant program is open to Kansas-registered businesses headquartered in Kansas that have 50 or fewer full-time employees and at least 60% of the workforce, including contract staff, are at Kansas. For every dollar received from the Small Business Research and Development Accelerator Grant, the company must contribute one dollar from its own resources. Up to 50% of the consideration may be an in-kind contribution if provided by a public institution of higher education and approved by the Kansas Department of Commerce. Approved projects must be completed within one year.
The Fall 2022 application window is open until October 17, and grants will be announced in November. For more information and to complete an application, go to https://www.kansascommerce.gov/rdaccelerationgrants/ or click here.
(Information courtesy of the Governor’s Office.)