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 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:
Stephanie Y. Johnson
Finance Program Manager
900 West Capitol, Suite 320
Little Rock, AR 72201
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