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SBA announces new recipients of FAST awards

August 12, 2021

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:

Awardees – 2022 Cohort – Base Year

STATE

ORGANIZATION

Arizona

Arizona Commerce Authority

Georgia

Innovation Gateway at the University of Georgia

Kentucky

Kentucky Science and Technology Corporation

Louisiana

Louisiana Business & Technology Center/LSU

Missouri

The Curators of the University of Missouri

Puerto Rico

Puerto Rico Small Business and Technology Development Centers

South Dakota

South Dakota Biotech Council

Tennessee

Launch TN

Wisconsin

Center for Technology Commercialization

 

Awardees – 2021 Cohort – Second Year

STATE

ORGANIZATION

Arkansas

University of Arkansas at Little Rock- Arkansas SBTDC

Colorado

The Colorado Office of Economic Development and International Trade

Connecticut

Connecticut Innovations, Inc.

Delaware

University of Delaware

Hawaii

Hawaii Technology Development Corporation (HTDC)

Illinois

EnterpriseWorks at the University of Illinois

Kansas

Wichita State University

Maryland

Maryland Technology Development Corporation (TEDCO)

Minnesota

Minnesota Technology Association

Mississippi

Innovate Mississippi

Montana

Montana State University

Nebraska

Nebraska Business Development Center, University of Nebraska at Omaha

New Hampshire

UNHInnovation

New Mexico

Arrowhead Center at New Mexico State University

North Carolina

First Flight Venture Center, Inc.

Ohio

Ohio Aerospace Institute

Oklahoma

OK Catalyst

Oregon

VertueLab

Pennsylvania

Ben Franklin Technology Partners Corporation

South Carolina

University of South Carolina

Texas

SWTXB SBDC Technology Commercialization Center

Virginia

Center for Innovative Technology (CIT)

West Virginia

TechConnect West Virginia

Wyoming

University of Wyoming Small Business Development Center

FAST, sba