Bill > HB3109

This bill modifies the Illinois Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program administered by the Department of Commerce and Economic Opportunity. The bill increases the maximum grant amount for Phase I awards from $50,000 to $75,000, and introduces a new provision for Phase II awards with a maximum grant of $250,000. To be eligible, businesses must be Illinois-based, have received a federal SBIR/STTR Phase I award, meet federal program requirements, and commit to conducting at least 51% of their research in Illinois. The grants are disbursed in stages: for Phase I, 75% is paid upon receiving the award and 25% upon submitting the Phase II application; for Phase II, 50% is paid upon receiving the award and 50% upon submitting the final report. A business can receive only one grant per year for each type of award, with a lifetime maximum of 5 Phase I grants and 2 Phase II grants. The bill also specifies that the Phase II grants are subject to appropriation, meaning they will only be awarded if funds are available in the state budget.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3109&GAID=18&DocTypeID=HB&SessionID=114&GA=104