Ready to move your research from the lab to the marketplace? Want to learn more about how federal research grants can help you get there?
The Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) program is a highly competitive federal program that encourages domestic small businesses to engage in research and development that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization.
As part of LaunchTN’s SBIR Road Tour, we’re hosting in-person lunch and learns with panels of experienced SBIR/STTR winners and grant writers in local markets across Tennessee. Learn from those who have done it successfully.
Questions? Contact email@example.com.
The workshop will cover the mechanics of SBIR/STTR grant applications and describe the commercialization resources available from Launch TN.
For more information, email Richard Magid.
(NOTE: This article was originally published on Teknovation.biz)
By Tom Ballard, Chief Alliance Officer, PYA
Tennessee-based entrepreneurs seeking to commercialize technology with funding from two federal initiatives now have another tool in their toolkit, thanks to funding included in the 2017-18 State of Tennessee budget, and the application window is open.
As a result of a more than two-year effort, spearheaded by two statewide organizations – Launch Tennessee and Life Science Tennessee, Governor Bill Haslam recommended and the General Assembly approved $1.5 million for the new “SBIR/STTR Matching Fund Grants Program.” The dollars are non-recurring, meaning they will have to be included in next year’s state budget for the program to be more than a 12-month initiative.
The funding represents an important milestone in efforts to support more technology start-up growth in the Volunteer State. The $1.5 million pot of funds will be used to match federal grants that companies receive to advance their efforts to commercialize technologies important to the federal government. The state’s program has a cap of $150,000 that can be awarded to any one company.
“It allows us to remain competitive and keep really good start-ups here,” Lindsey Cox, Launch Tennessee’s Director of Operations and Government Affairs, said. Several of the states around Tennessee have already implemented similar initiatives, and some start-ups from here have relocated to those states to be eligible for their matching dollars.
Read more here.