Public policy is having a significant impact on the growth of West Virginia’s technology sector. Lawmakers passed legislation in 2019 creating the West Virginia SBIR/STTR Matching Grant Program. Representatives from the WV Division of Commerce and the WV Small Business Development Center implemented the program on January 1, 2020.
In its first 14 months of operation, the program resulted in a 11-to-1 ROI and incentivized 17 firms to apply for federal SBIR/STTR funds. These are phenomenal results, and a great example of how effective public policy is incentivizing growth in our tech economy.
The Bioscience Association of West Virginia
and TechConnect West Virginia will host a virtual forum to highlight how the program works, showcase its early success, discuss its value as presented by program participants and conduct a policy leader roundtable focusing on the importance of public policy in growing our state’s economy.