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Technology Development Program


The Technology Development Program provides royalty financing for qualified projects possessing a well developed, comprehensive project plan, and which utilizes the benefits of science and technology to provide economic and employment growth potential in Arkansas. The maximum investment is $100,000 with terms negotiated on an individual basis. These terms are a maximum five percent of net sales for a maximum term of 10 years.

Investment Application - PDF

Rules - PDF

Guidelines - PDF


The best way to understand how minigrants like TTAGS can benefit your company is to look at past recipients and what they used it for. Below are some examples of past recipients who have used TTAGS for various purposes.
BlueInGreen developed an SBIR Phase II proposal.

EquityNet adapted an existing business analysis tool.

InterveXion Therapeutics used the funds for marketing strategic development.

ORLUMET developed an SBIR Phase I proposal.
Baldor Electric used the funds to pay for an ISO 9000 Assessment.

Whirlpool Corporation used the funds to develop corrective action databases.

Lennox Industries to create employee hiring procedures..

SGL Carbon used funds to pay for an Arc Flash Assessment

The Technology Transfer Assistance Grant (TTAG) Program of the Arkansas Scienc & Technolog Authority provides limitd financial support for the transfer and deployment of innovative technology to Arkansas-based enterprises.

TTAG grants are awarded to the technology transfer resource provider. The resource provider must possess the capability to locate and transfer innovative technology and to transfer it to a specific Arkansas-based enterprise. In certain cases, to be determined on a case-by-case basis, the resource provivder could be th company requesting assistance if they have the capability to locate and transfer the innovative technology.The technology being transferred must resolve a company's technology-based problem, issue or concern.

Because ASTA wishes to leverage its limited grant funds to the greatest extent possible, the total maximum funding available is $5,000 per project. ASTA will award the first $2,500 of project cost and the remainder will be cost-shared equally (50:50) between ASTA and the enterprise being assisted by the applicant. The enterpise being assisted assumes all cost in excess of $5,000. As a rulse, preference will be given to the projects that have a company cash match. A maximum of two TTAG grant awards can be received for a given enterprise in one state fiscal year (July 1 - June 30).

TTAG grant awards can be used to fund costs associated with engineering or technical support fees, database searches, travel, responses to the Small Business Innovation Research Program (SBIR), Small Business Technology Transfer Program (STTR) or the Advanced Technology Program (ATP) and other costs to be decided on a case-by-case basis. TAG grant awards will not fund costs associated with fixed assets for an enterprise or costs associated primarily with training.

ASTA has designated the TTAG Program as a cash match for a federal grant. Because of this matching requirement, it is necessary for ASTA to document evidence of a enterprise's cash contribution for every TTAG project. The evidence of payment must be received by ASTA prior to the issuance of the TTAG award funds to the resource provider. Exceptions to this requirement will be reviewed and determined by ASTA on a case-by-case basis. The evidence of an enterprise's cash contribution can be in the form of the following forms:

    - Compay cash match payment to ASTA, who in turn pays the resource provider.
    - A copy of the enterprise's check being submitted to the resource provider.

The TTAG Program Application Form and Program Rules can be obtained from the ASTA web site, http://www.asta.arkansas.gov, or by calling (501) 683-4400. The resource provider should work with the company to complete all questions on the application form. The application form must be signed by the resource provider and the assisted enterprise. By signing the TTAG application, the resource provider agrees to provide the stated services to the enterprise, and the enterprise agrees to pay the cash match and respond to up to two post-project surveys within 24 months from the projects completion. The surveys are necessary to document the results and impacts of the project to ASTA stakeholders. The applicant should not submit to ASTA any confidential or proprietary information unless so marked. The resource provider is required to submit a final project report to ASTA no later than 30 days after completion of the project. Failure to meet these requirements could impact future funding consideration.

The TTAG program is intentionally flexible and broad in scope. It is intended to provide financing that allows a technology to better compete for support in other ASTA programs.

All TTAG Applications must be submitted by the Friday previous to each TTAG Review Committee Meeting to be covered.

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Contact

Stephanie Y. Johnson
Finance Program Manager
900 West Capitol, Suite 320
Little Rock, AR 72201
(501) 683-4409
SJohnson@ArkansasEDC.com


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