Are the Innovation Retention Grants subject to availability?

The Innovation Retention Grant program utilizes state funds appropriated by the Louisiana Legislature in 2022 (Act No. 476). This is a pilot program. Success of the program and future funding is tied to the award of the appropriated money. Total amount of funding expected to be awarded per fiscal year is $1 million, to be divided equally among SBIR/STTR Phase I and II federal grant recipients.