Looking to fund your innovative electric mobility product or project?
Below is a list of potential funding sources for you to consider. Additional funding opportunities offered by federal agencies, private foundations, and others are posted to the right, along with their application deadlines. Check back often, as we update these rolling opportunities as we hear about them!
Each year, the SBIR and STTR funding programs award approximately $2.5 billion in funding to small, high-tech, innovative businesses. The funding is awarded based on a competitive process that considers both the technical merit of the technology to be developed and the potential for successfully introducing it to the market. Several Drive Oregon companies have been the recipients of SBIR/STTR funding. To learn more about the programs and current opportunities, visit the link above.
Oregon BEST SBIR/STTR Support Center
The application process for applying to the SBIR/STTR programs is complex and lengthy. For companies who have never applied or for those who have but would like more support in future rounds, a great local resource is Oregon BEST’s SBIR / STTR Support Center. Visit their website above for an easy to understand summary of the programs, eligibility requirements, and application process, plus links to upcoming workshops and other resources available to help Oregon companies navigate the programs.
Business Oregon SBIR/STTR Support Grants
Business Oregon, the state’s economic development agency, offers three types of grants to help companies in different phases of the SBIR and STTR funding process. Specifically:
- Phase 0 Grant: These funds help businesses prepare applications to pursue a federal Phase I SBIR/STTR grant. Funds can go towards professional fees and other out-of-pocket costs associated with preparing an application.
- Phase 00 Grant: These funds help businesses prepare applications to pursue a federal Phase I OR Fast Track SBIR/STTR grant. Funds can go towards professional fees and other out-of-pocket costs associated with preparing an application.
- Phase II Grant: These funds help businesses that have already received a SBIR/STTR grant and wish to do additional work beyond the Phase II project. The funds can be used in a variety of ways, including supporting the expansion of facilities, the addition of employees or consultants, specialized testing or equipment, additional marketing, and more.
Oregon E-Zone Program
The Oregon E-Zone program is a State of Oregon economic development program that allows for tax exemptions for up to five years, with participating firms required to meet program requirements set by the state and the Portland Development Commission. Over 50 companies have participated in the program, with 25 of them still active. The program has leveraged over one billion dollars worth of private investments and has either created or retained over 5,000 full time, quality jobs.
Visit our Business Resources page for information on other programs and resources your firm can potentially take advantage of to attend trade shows, operate more efficiently, and more!
Drive Oregon’s Matching Grant program, which made grants of up to $50,000 to Oregon EV firms to match incoming investment from private of public sources, has been discontinued. In total, Drive Oregon grants of just over $500,000 leveraged well over $21 million in additional investment. These grants supported a variety of projects including KersTech Vehicle System’s development of a new drivetrain tailored for fork lifts, Linn Benton Community College’s Advanced Transportation Technology Center, and EV4 Oregon’s first ETM prototype (final product pictured above.) For a full list of grantees, visit our Success Stories page.