SBIR Advance opens 14th round of funding for high-tech small businesses
Contact: Dr. Todd Strother, todd.strother@uwex.edu, 608-980-1015
SBIR Advance opens 14th round of funding for high-tech small businesses
MADISON – The Center for Technology Commercialization (CTC) is offering a matching grant of up to $100,000 to provide additional assistance to companies in the process of completing a project in the federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs.
This is the 14th round of SBIR Advance funding dedicated by the Wisconsin Economic Development Corporation (WEDC) since SBIR Advance began in 2014.
“SBIR Advance enters its sixth year of providing commercialization assistance to our federal SBIR grant winners and continues to see successes with those funded teams. We’ve added new programming for Phase II winners to provide them experience and education in obtaining private funds from angel and venture investors; all with the goal of maximizing the chances of our companies in their commercialization goals,” said Dr. Todd Strother, CTC Senior Technology Consultant and SBIR Advance Program Manager.
Deadlines are quickly approaching:
To be eligible, companies must have an SBIR/STTR project in either Phase I or Phase II of funding. All companies must have a significant presence in Wisconsin to be considered for the grant. Funds can be used for business and market development, customer validation, intellectual property work or other areas needed to speed product commercialization.
Changes to eligibility include:
Applicants should note these important dates:
For more details on the SBIR Advance program, contact Strother at todd.strother@uwex.edu.
SBIR Advance is part of a Start-Seed-Scale (S3) initiative WEDC is pursuing with the help of the UW System and other business leaders throughout the state to remove barriers to high-tech commercialization. Under the S3 umbrella, WEDC and its economic development partners are implementing financial and operational assistance programs designed specifically to address Wisconsin’s business startup and seed-funding challenges. One such initiative — also a collaborative effort between WEDC and the UW System — is the Ideadvance Seed Fund, also managed by the CTC. Selected SBIR Advance participants undergo Lean Startup training to assist with their SBIR Phase II applications.
About Center for Technology Commercialization
The Center for Technology Commercialization is part of the University of Wisconsin System Administration’s Institute for Business & Entrepreneurship. CTC provides one-on-one expert consulting to early-stage emerging technology businesses throughout Wisconsin. CTC has collaborated in acquiring more than $100 million in federal and other funding for clients. Learn more at www.wisconsinctc.org; follow @WisconsinCTC on Twitter.
About Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing and maximizing opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive environment. Working with more than 600 regional and local partners, WEDC develops and delivers solutions representative of a highly responsive and coordinated economic development network. Learn more at https://wedc.org; follow @WEDCNews on Twitter.