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Businesses and founders urge funding for state SBIR matching grants in HB 2,418
Summary
In a public hearing on HB 2,418, founders and company representatives described how Business Oregon SBIR matching grants and application support helped secure federal research awards, protect intellectual property, and scale businesses in Oregon. The bill would appropriate $3 million for SBIR grants.
House Bill 2,418, as presented to the House Committee on Economic Development and Small Business on March 26, would appropriate $3,000,000 from the General Fund to the Oregon Business Development Department to fund Small Business Innovation Research (SBIR) matching grants.
Business Oregon’s Mark Brady provided a program overview: SBIR/STTR are federal set-aside grant programs across multiple agencies that provide non-dilutive capital for early-stage research and commercialization. Brady said federal Phase I awards are typically ~6 months and about $150,000, while Phase II awards can reach $1–2 million or more; Business Oregon offers small application grants (up to $5,000) and competitive matching…
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