West Virginia Code 5B-8-3 – Eligibility
In order to be eligible for a grant under this article, a small business must satisfy all of the following conditions:
Terms Used In West Virginia Code 5B-8-3
- Small business: means a corporation, partnership, limited liability company, statutory or common law business trust, sole proprietorship, or individual, operating a business for profit, which qualifies as a small business and otherwise meets the requirements of the SBIR or STTR programs. See West Virginia Code 5B-8-1
- State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
- West Virginia-based business: means a business that has its principal place of business in this state. See West Virginia Code 5B-8-1
(1) The small business must be a for-profit, West Virginia-based business;
(2) For the Phase I and/or Phase II Matching program the small business must have received a SBIR/STTR Phase I or SBIR/STTR Phase II award from a participating federal agency in response to a specific federal solicitation. To receive the full match for the Phase I award, the small business must also have submitted a final Phase I report, demonstrated that the sponsoring agency has an interest in a Phase II proposal, and submitted a Phase II proposal to the agency; To receive the Phase II match, the small business must have submitted the final progress report to the funding agency;
(3) The small business must satisfy all federal SBIR/STTR requirements;
(4) The small business shall not receive concurrent funding support from other sources that duplicates the purpose of this article;
(5) The small business must certify that at least 51 percent of the research described or to be described in the federal SBIR/STTR Phase II proposal will be conducted in this state and that the small business will remain a West Virginia-based business for the duration of the SBIR/STTR Phase II project; and
(6) The small business must demonstrate its ability to conduct research in its SBIR/STTR Phase II proposal.