Small Business Administration: Federal and State Technology Partnership Program
The mission of the Small Business Administration (SBA) Office of Innovation and Technology, which bears responsibility for administering the Federal and State Technology (FAST) Program, is to strengthen the technological competitiveness of small businesses across the country through coordination of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The FAST Program focuses on increasing the participation of small firms in the innovation and commercialization of high risk technologies, keeping the United States on the cutting edge of next generation research and development.
FAST will provide funding to organizations to execute state/regional programs that increase the number of SBIR/STTR proposals (through outreach and financial support); increase the number of SBIR/STTR awards (through technical assistance and mentoring); and better prepare SBIR/STTR awardees for commercialization success (through technical assistance and mentoring). FAST awards build the SBIR/STTR ecosystem through:
- Outreach: Increase the pipeline of possible applicants and build the capacity of partner organizations and individuals to refer possible SBIR/STTR applicants through train-the-trainer activities
- Financial support: Make grants or loans to applicants to pay a portion or all of the cost of developing SBIR/STTR proposals, attending relevant conferences, and bridging possible gaps between phases
- Technical assistance: Encourage the transition from Phase I to II and commercialization of technology developed through SBIR/STTR program funding and form and or support mentoring networks to provide business advice and counseling
Amount: $2,000,000 is available to make up to 16 awards of up to $125,000 each. A non-federal match is required, and not less than 50 percent of the match provided by a recipient must take the form of cash. The remaining match amount may consist of indirect costs and in-kind contributions. With the exception of the Community Development Block Grant (CDBG) program, no portion of the match may be derived from funds provided under any other federal program.
Eligibility: A public or private entity, organization, or individual that intends to use funding to provide outreach, financial support, and/or technical assistance to next generation R&D-focused small businesses in order to increase SBIR/STTR proposals and awards; and be endorsed by the appropriate state governor or their authorized designee as the only approved applicant from that state.
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