State Codes and Statutes

State Codes and Statutes

Statutes > Wisconsin > 560 > 560.45

560.45

560.45 Small business innovation research assistance grants.

560.45(1)

(1) The department may award a grant from the appropriations under s. 20.143 (1) (ie), (ig), (im), and (ir) to a business for innovation and research assistance.

560.45(2)

(2) The department may not award a total of more than $250,000 in grants in a fiscal year. In each fiscal year, the department shall allocate $100,000 for grants to businesses in the phase of development that precedes the eligibility of the businesses for grants under the federal small business innovation research program, $100,000 for grants to businesses in phase III of the federal small business innovation research program, and $50,000 for grants to businesses for the costs of preparing projects for participation in the federal small business innovation research program.

560.45(3)

(3) The department shall promulgate rules necessary to administer this section.

560.45 - ANNOT.

History: 2009 a. 28.