NEW HAMPSHIRE INNOVATION RESEARCH CENTER

The NHIRC was created in 1991 by the New Hampshire Legislature, designating $500,000 annually to increase collaboration, technology development and innovation between New Hampshire businesses and universities. Businesses match their project awards to fund research which often leads to new products and processes. Outcomes include: *Increased competitiveness and profitability for businesses. *An increase in the tax-base and in the number of quality jobs. *Additional funding from venture capitalists. *Federal funding of Small Business Innovation Research (SBIR) awards. *Federal funding (EPSCoR) for NH educational institutions.