June 01, 2020
Category: Business Resources
The Wyoming Business Council offers programs and resources aimed at building Wyoming's entrepreneurial ecosystem and fostering connectivity. The programs are an outcome of economic diversification legislation passed in 2018.
If you check all the boxes, apply HERE
SBIR Phase I and II Matching Program
Matching funds for Wyoming companies who receive federal funds through the Small Business Innovation Research or Small Business Technology Transfer programs.
Applicants must commit to remaining in Wyoming for three years after commercialization of their technology and to seeking additional funding.
Awards will be made in the following amounts:
Phase 1 Matches
- Up to $100,000 for first-time SBIR Phase 1 awardees
- Up to $70,000 for repeating SBIR Phase 1 awardees
Phase 2 Matches
- Up to $200,000
Applications for SBIR Matching Grants are due on the first day of each month. Funding decisions are made by the first day of the following month.
We may reach out to you during the grant cycle if we have questions or would like to learn more about your concept or company.
To leverage regional successes, Startup:Wyoming is sponsoring startup challenges around the state.
Eligibility requirements for sponsorship:
Local fund raising
Provide itemized list for use of sponsorship $ and demonstrated need
Regional approach (include other counties/towns in the region to the extent possible)
Marketing plan creation and outreach
Connection with the statewide entrepreneurial ecosystem
Maintain a network of entrepreneurial business coaches
Ability to follow the startup challenge process (Lean Launchpad or similar)
Arrange pitch event
Format of startup challenge- Example
5*-month process for the startup challenge organizer:
Step 1: Raise funds, marketing plan creation (Day 1)
Step 2: Launch, marketing outreach, open for applications (Day 60)
Step 3: Application deadline (Day 90)
Step 4: Initial screening. Semifinalists selected (Day 97)
Step 5: Semifinalists pitch virtually (Day 104)
Step 6: Finalists selected (Day 104)
Step 7: One coaching session for non-finalists (Between day 105 and 120)
Step 8: Coaching sessions (3-5) with finalists (between day 105 and 150)
Step 9: Pitch Day with winners (Day 150)
Step 10: One (or more) coaching sessions with winners (Day 150 -->)
*This process is subject to flexibility based on the startup challenge organizer and the entrepreneurs’ needs.
Match dollar for dollar up to $25,000 per startup challenge, matched by local fundraising.
Sponsorship money can be used for programming of the startup challenge; event planning, marketing and coaching sessions. No award money.
You are encouraged to submit the application and budget as soon as possible, preferably prior to launch. That is in order to allow for application and contract processing times and enable you to take full advantage of the sponsorship for the startup challenge.
Read the legislation that created Startup:Wyoming.