SBA Announces Grant Funding Available for States to Support R&D, Small Business Innovation

FAST program provides $2 million in funding for outreach and technical assistance to science and technology-driven small businesses.

News release courtesy of the SBA

The U.S. Small Business Administration is accepting grant funding requests from the governors of U.S. states and territories to support programs for innovative, technology-driven small businesses under SBA’s Federal and State Technology (FAST) partnership program through May 10, 2010.

The program places particular emphasis on helping socially and economically disadvantaged firms compete in the SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Eligible applicants for FAST grants include state and local economic development agencies, Small Business Development Centers, and colleges and universities. Each state, through its governor, may submit one proposal.

Companies supported by the SBIR and STTR programs often generate some of the most important breakthroughs each year in the U.S. For example, about 25 percent of R&D Magazine’s Top 100 Innovations come from SBIR-funded small businesses.

More details about FAST grants can be found here: http://www.sba.gov/idc/groups/public/documents/sba_homepage/sba_fast_program_annc.pdf

TechConnect News Note: TechConnect 2010 will feature a Government Commercialization Funding Session, featuring SBIR program managers from the Department of Energy, Department of Homeland Secuity, NASA, and ARPA-E, who will discuss the various funding opportunities available for start up companies. It is a great opportunity to learn about government funding mechanisms for technology-focused businesses, and all speakers are interested in meeting with attendees on-site! To learn more, visit: http://www.techconnectworld.com/Summit2010/.

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