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Save the date for SSTI's 2024 Annual Conference
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As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
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SBA announces new recipients of FAST awards
Yesterday, the U.S. Small Business Administration issued 33 grant awards up to $125,000 each for specialized training, mentoring, and technical assistance for research and development (R&D)-focused small businesses under the Federal and State Technology (FAST) Partnership Program. FAST seeks to improve outcomes in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs for underserved communities by increasing participation from women-owned, rural-based, and socially or economically disadvantaged small businesses.
The FAST program provides funding to organizations to execute state and regional programs that increase the number of SBIR/STTR proposals leading to an increase in the number of SBIR/STTR awards. Money is used for outreach to increase the pipeline of SBIR/STTR applicants; for technical and business assistance; and, financial support.
Awards are made for a base period of 12 months, plus two optional continuation periods of 12 months if eligible. Recipients cover a wide geographic area and include state and local economic development organizations, Small Business Technology Development Centers, Women’s Business Centers, Procurement Technical Assistance Centers, incubators, accelerators, colleges, and universities. SSTI is happy to note that 16 of the awardees are members of SSTI, boldfaced below:
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Awardees – 2022 Cohort – Base Year |
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STATE |
ORGANIZATION |
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Arizona |
Arizona Commerce Authority |
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Georgia |
Innovation Gateway at the University of Georgia |
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Kentucky |
Kentucky Science and Technology Corporation |
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Louisiana |
Louisiana Business & Technology Center/LSU |
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Missouri |
The Curators of the University of Missouri |
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Puerto Rico |
Puerto Rico Small Business and Technology Development Centers |
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South Dakota |
South Dakota Biotech Council |
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Tennessee |
Launch TN |
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Wisconsin |
Center for Technology Commercialization |
Awardees – 2021 Cohort – Second Year
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STATE |
ORGANIZATION |
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Arkansas |
University of Arkansas at Little Rock- Arkansas SBTDC |
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Colorado |
The Colorado Office of Economic Development and International Trade |
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Connecticut |
Connecticut Innovations, Inc. |
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Delaware |
University of Delaware |
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Hawaii |
Hawaii Technology Development Corporation (HTDC) |
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Illinois |
EnterpriseWorks at the University of Illinois |
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Kansas |
Wichita State University |
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Maryland |
Maryland Technology Development Corporation (TEDCO) |
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Minnesota |
Minnesota Technology Association |
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Mississippi |
Innovate Mississippi |
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Montana |
Montana State University |
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Nebraska |
Nebraska Business Development Center, University of Nebraska at Omaha |
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New Hampshire |
UNHInnovation |
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New Mexico |
Arrowhead Center at New Mexico State University |
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North Carolina |
First Flight Venture Center, Inc. |
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Ohio |
Ohio Aerospace Institute |
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Oklahoma |
OK Catalyst |
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Oregon |
VertueLab |
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Pennsylvania |
Ben Franklin Technology Partners Corporation |
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South Carolina |
University of South Carolina |
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Texas |
SWTXB SBDC Technology Commercialization Center |
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Virginia |
Center for Innovative Technology (CIT) |
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West Virginia |
TechConnect West Virginia |
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Wyoming |
University of Wyoming Small Business Development Center |