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Find similar grantsStrengthening Mississippi Academic Research Through Business (SMART) Act Grants is sponsored by Mississippi Institutions of Higher Learning (IHL) / Mississippi Department of Revenue. These grants fund research projects at Mississippi universities, including the University of Mississippi, to help prove marketable business concepts, from medical innovations to using artificial intelligence.
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SMART Business Act Application myState | Calendars | Contact Strengthening Mississippi Academic Research Through Business Act The Strengthening Mississippi Academic Research Through Business Act (SMART Business Act), as established by Mississippi law, is intended to meet the following goals: stimulate private investment in research and development through partnerships with Mississippi public universities; increase the competitiveness of Mississippi companies; and improve the economy of the State of Mississippi.
Approved Applicants incurring qualified research costs subject to a new research agreement approved under this act are eligible for a rebate equal to twenty-five percent (25%) of the investor’s qualified research costs, not to exceed $1,000,000. The total funding support from the State of Mississippi is $5,000,000 per fiscal year.
Priority consideration will be given to new applications in the areas of Healthcare, Energy and Advanced Manufacturing. Any natural person, partnership, limited liability company, association, corporation, business trust or other business entity not formed for the specific purpose of acquiring the rebate offered, and which is subject to Mississippi income or franchise tax is eligible to apply.
Important Note: Research agreements entered into with a Mississippi Public University that began prior to application and approval for the SMART Business Act are not eligible for the rebate. Only new research agreements submitted as a part of the SMART Business Act application packet will be considered eligible. Additional enrollment periods to be announced at a later date.
Please check back for updates. Frequently Asked Questions Mississippi Institutions of Higher Learning Technical problems, contact the Service Desk . _gaq.
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According to the current listing, eligibility includes: Mississippi Institutions of Higher Learning, including the University of Mississippi. Projects should focus on developing marketable business concepts from research. Confirm the full requirements in the official notice before applying.
The current listing shows over $1.1 million awarded in 2024 (individual grants vary). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Strengthening Mississippi Academic Research Through Business (SMART) Act Grants is funded by Mississippi Institutions of Higher Learning (IHL) / Mississippi Department of Revenue. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Mississippi. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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