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SBA grants $3 million to support small business innovation and R&D commercialization

August 30, 2018

Twenty-four local economic development entities, Small Business Technology Development Centers, Women’s Business Centers, incubators, accelerators, colleges and universities were granted $125,000 by the U.S. Small Business Administration (SBA) under the Federal and State Technology (FAST) Partnership Program. The 24 grant recipients, including seven that are members of SSTI (boldfaced below), provide support to small businesses developing and commercializing high-risk technologies.

FAST provides one-year funding to organizations to execute state/regional programs that increase the number of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) proposals (through outreach, training and financial support); increase the number of SBIR/STTR awards (through business assistance and mentoring); and better prepare SBIR/STTR awardees for commercialization success (through business assistance and mentoring). Candidates were endorsed by each of their state and territorial governors, as each state may submit only one proposal.

Recipients of FY 2018 funding, for project performance in FY 2019:
  • AR - University of Arkansas System - Arkansas Small Business and Technology Development Center
  • CO - Colorado Office of Economic Development and International Trade
  • DE - University of Delaware - Delaware Small Business Development Center (DSBDC)
  • HI - Hawaii Technology Development Corporation (HTDC)
  • ID - Boise State University - Idaho Small Business Development Center
  • IL - Women's Business Development Center
  • KS - Wichita State University
  • KY - Kentucky Cabinet for Economic Development
  • LA - Louisiana Business & Technology Center/LSU
  • MD - Maryland Technology Development Corporation (TEDCO)
  • MN - Minnesota High Tech Association
  • MT - Montana State University
  • NC - First Flight Venture Center
  • NE - University of Nebraska at Omaha - Nebraska Business Development Center
  • NM - Arrowhead Center of New Mexico State University
  • NY - The Research Foundation of State University of New York - New York SBDC
  • OH - Ohio Aerospace Institute
  • OK - Board of Regents of the University of Oklahoma - Office of Research Services
  • OR - VertueLab (formerly called Oregon BEST)
  • SC - University of South Carolina
  • SD - University of South Dakota - SD Small Business Development Center
  • TN - Tennessee Technology Development Corporation - Launch Tennessee
  • WI - Board of Regents of the University of Wisconsin System - Center for Technology Commercialization
  • WY - The University of Wyoming - Wyoming Small Business Development Center (WSBDC)


innovation, r&d, sba, economic development, FAST