SBA to Award Grants to Innovative Small Tech Companies

Kim Mays
Slide Show

Five of the World’s Most Innovative Corporate Labs

The U.S. Small Business Administration (SBA) plans to offer grants of up to $100,000 to tech-focused, leading-edge small businesses. The program will run until 11:59 p.m. on April 11, 2014.

The grants are open to all states and territories in the U.S., but proposals must be submitted through Grants.gov.

The SBA’s Federal and State Technology (FAST) program is sponsoring the grants, and it hopes to assist firms that are disadvantaged socially or economically to participate in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

To receive a grant, the company must show in its proposal plans to support:


  • Small business research and development
  • Technology transfer from universities to small businesses
  • Diffusion of innovation to benefit small businesses
  • Mentoring for small businesses applying for SBIR grants
  • Commercializing technology that is developed via SBIR grants

A panel of SBIR program managers will evaluate all proposals that are submitted. Then, the Department of Defense, the National Science Foundation and the SBA itself will review the recommended proposals and select companies to be awarded grants. Each participating territory and state must also provide a degree of matching funds for each grant awarded.

According to the SBA, small businesses that are funded by SBIR provide important innovations:

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.



Add Comment      Leave a comment on this blog post

Post a comment

 

 

 

 


(Maximum characters: 1200). You have 1200 characters left.

 

 

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 
Resource centers

Business Intelligence

Business performance information for strategic and operational decision-making

SOA

SOA uses interoperable services grouped around business processes to ease data integration

Data Warehousing

Data warehousing helps companies make sense of their operational data


Thanks for your registration, follow us on our social networks to keep up-to-date