RALEIGH, N.C. –Startup and entrepreneurial companies in North Carolina received more than 200 federal grants worth more than $70 million in 2004-5, according to figures from the North Carolina Department of Commerce and the Board of Science and Technology.

The Small Business Innovation Research and Small Business Technology Transfer programs are designed by the federal government to accelerate technology transfer and product development.

Companies can and often do receive more than one award.

YEAR 2005

In 2005, North Carolina firms received 103 SBIR and STTR first- and second-round grants worth $40.8 million.

The breakdown:

Phase 1 SBIR: 58 grants, $7.8 million

Phase 2 SBIR: 33 grants, $29 million

Phase 1 SBTR: 9 grants, $1.5 million

Phase 2 SBTR: 3 grants, $2.5 million

(Note: A company can receive multiple awards)

YEAR 2004:

In 2004, North Carolina firms received 112 SBIR and STTR phase 1 and phase 2 grants worth $32.2 million.

The breakdown:

Phase 1 SBIR: 59 grants, $8.9 million

Phase 2 SBIR: 36 grants, $18.7 million

Phase 1 SBTR: 10 grants, $1.4 million

Phase 2 SBTR: 7 grants, $3.2 million

(Note: A company can receive multiple awards.)

For more information about SBIR and STTR grants, see: www.sba.gov/SBIR/indexsbir-sttr.html