Innovation Action Program (IAP)
Application Deadline: July 25th, 2016
The Northeast Electrochemical Energy Storage Cluster (NEESC) has established an Innovation Action Program to identify services needed by small businesses in the industry and to provide "fast-track" resources to eligible small businesses.
The program will be directed to eligible small businesses in the Cluster to:
- Support emerging small businesses in the hydrogen/fuel cell and energy storage industry;
- Assist businesses to capture private financing or federal funding for research and new product development; and
- Facilitate the commercialization of emerging technologies.
- Businesses will be directed to existing SBA-supported service providers, where appropriate;
- Business assistance projects that best meet the program's goals to leverage funding and promote commercialization will be selected; and
- If SBA-supported services are not available, services up to $5,000 in value may be awarded to a third-party service provider for each eligible business, until funds are exhausted.
- The application process will be administered as an "open season";
- If using a private third party service provider, applicants must match the value of awards to the third-party service provider dollar for dollar;
- SBA-supported service providers or private third-party service providers must be used to provide the proposed services;
- All services must be provided to the awardee by August 31, 2016; and
- Eligible small businesses that receive services under this program will be required to complete an impact report 6 months following the project's completion date.
- Must be a small business1 in the electrochemical energy storage industry2;
- The company must have a facility in the Northeast U.S.3; and
- The company must be registered for at least 1 year
The Innovation Action Program review team will consider service requests that are expected to achieve substantial and measurable improvements to the company's overall profitability and competitiveness.
Services that would be eligible include, but are not limited to, the following:
- Financial training and market growth planning;
- Business development;
- Prototype development;
- Commercialization and innovation services;
- Technology Assessment Reports (Go-No/Go reports);
- Manufacturing assistance;
- Accounting assistance (federal agency budget preparation);
- Grant writing/coaching;
- Technical experts in universities, educational institutions, nonprofits, or other organizations to solve engineering, marketing and other challenges; and
- Legal services.
Ineligible Funding Uses
While the Innovation Action Program review team will consider all requests for services that align with the program goals, the following activities have been specifically identified as ineligible:
- Debt restructuring;
- Loan payments;
- Costs related to the sale of disposal of business assets; and
Application Submission & Process Considerations
- Applications must be submitted online using the program's online form;
- Applications will be processed through an "open season";
- Only fully completed applications will be considered;
- The Innovation Action Program review team may meet with prospective applicants to review the company's application and overall business needs; and
- The Innovation Action Program review team will provide prospective applicants with information regarding the availability of grants and services to address their business needs.
Monitoring and Compliance
- The Innovation Action Team will contact service recipients approximately 6 months after the award date to confirm project execution and impacts.
- The Innovation Action Team will ask service recipients to complete and submit a one page impact report and documentation to confirm that the resources were applied as approved.
- The Innovation Action Team will report on the effectiveness of the Program to the SBA.
- U.S. Small Business Administration
- Businesses associated with the conversion the chemical energy into electric energy.
- Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont