The OCAST STTR Matching Funds Program will provide matching support which meets the highest current standards for state matching support to federal STTR program grants, 74 O.S., Section 5060.19(D). The provision of matching funds from the State will:

1. (1) act as an incentive to firms to apply for a federal STTR Phase II award, and
2. (2) assist qualifying firms to sustain their research and operations during the "funding gap" that occurs between the end of Phase I and the notification on Phase II.

Added at 24 Ok Reg 2666, eff 7-12-07