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Archived Awards Content
Awards issued prior to 2025 represent actions taken during previous administrations and do not necessarily reflect current investment priorities.
University Of Alabama At Birmingham
|
Location |
Birmingham, AL |
|
|---|---|---|
|
Project Name |
The University of Alabama at Birmingham (UAB) Proof-of-Concept Incubator |
|
|
Program |
i6 |
|
|
Award Amount |
Federal Share |
Non-Federal Share |
|
$498,216.00 |
$498,754.00 |
This EDA investment will fund the creation of the University of Alabama at Birmingham (UAB) proof-of-concept incubator that will provide the facilities, training opportunities, guidance and funding access necessary for faculty, students and staff to launch and nurture start-up companies that will create jobs and enhance regional economic health. In seven years, UAB expects to support the formation of 35 new companies, of which 32 would target SBIR/STTR funding totaling over $10 million and creating 80 new jobs.