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SBA announces 44 FAST awardees

Thursday, October 6, 2022

The U.S. Small Business Administration (SBA) recently announced 44 FAST awards, including 12 new awards,  totaling over $5.4 million, with each up to $125,000 for specialized training, mentoring, and technical assistance for research and development.

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$5.4M in prizes to support inclusive entrepreneurship announced by SBA

Thursday, September 23, 2021

The Small Business Administration (SBA) has announced a combined total of $5.4 million in awards to innovation-focused entrepreneur support organizations with programs to support entrepreneurs researching and developing STEM-related innovations. The 2021 competition included two prize tracks with 84 winners for the Growth Accelerator Fund Competition (GAFC) and eight winners for the new SBIR Catalyst competition, which aims to spur investment in underrepresented communities within the innovation economy.  

  • Read more about $5.4M in prizes to support inclusive entrepreneurship announced by SBA

SBA launches more than $100M in new funding programs to support equitable and inclusive entrepreneurship

Thursday, May 27, 2021

This week the Small Business Administration (SBA) released several funding opportunities to support and promote equitable and inclusive economic recovery for entrepreneurs and small businesses. The new Community Navigator Pilot Program will award $100 million to support regional “hub and spoke” networks in providing technical assistance, training, direct financial assistance, and other services to underserved small businesses.

  • Read more about SBA launches more than $100M in new funding programs to support equitable and inclusive entrepreneurship

SBA awards up to $3 million in FAST funding to 24 organizations

Thursday, September 24, 2020

The U.S. Small Business Administration announced 24 organizations as recipients of the 2020 Federal and State Technology partnership (FAST) program grant awards.

The U.S. Small Business Administration announced 24 organizations as recipients of the 2020 Federal and State Technology partnership (FAST) program grant awards. The awards of up to $125,000 focus on “specialized training, mentoring, and technical assistance for R&D-focused small businesses.” The FAST program grants one-year funding to organizations that work to partner with other in-state groups.

  • Read more about SBA awards up to $3 million in FAST funding to 24 organizations

Inclusive innovation ecosystem prize competition launched

Thursday, September 17, 2020

The Lab-to-Market (L2M) subcommittee of the National Science and Technology Council’s Committee on the Science and Technology Enterprise is launching a $325,000 prize competition to highlight successful examples of innovation ecosystems, particularly existing resources that support underserved communities or remarkable responses to the pandemic environment. There are three categories for applicants with an informational webinar

  • Read more about Inclusive innovation ecosystem prize competition launched

SBA announces 60 accelerators competition winners

Thursday, September 26, 2019

SBA’s 2019 Growth Accelerators Fund Competition winners were announced yesterday, awarding $50,000 to each of 60 organizations across the country. Special congratulations to the SSTI members, including BioSTL (BioGenerator), TechTown Detroit, Startup Junkie Foundation (Fuel), Invest Nebraska, Launch Tennessee, Innovation Works, Arrowhead Center (Sprints), and University of Illinois (EnterpriseWorks).

  • Read more about SBA announces 60 accelerators competition winners

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Recent news from the SSTI Digest

Universities as architects of regional innovation ecosystems

Wednesday, July 8, 2026
Ask most university leaders how their institution contributes to the regional economy and the answer is likely to include research expenditures, patents, startups, and jobs. Those measures remain important, but they overlook one of the university's most valuable contributions. In today’s economy, where innovation, talent, and technology shape how regions grow, universities are helping communities adapt, connect, and compete.
regionalism
innovation

TBED programs succeed by engaging with local communities

Wednesday, July 8, 2026
When a new TBED project comes to town, the TBED practitioners inside know the long-term benefits of technology-based economic development: they can see and understand their progress in building a strong economic foundation for their host region. But for community-based and workforce development organizations and K-12 education systems in the surrounding area, the TBED project might appear to be an opaque operation that operates independently of its neighbors.
tbed

What to expect when you’re expecting (investment returns)

Wednesday, July 8, 2026
Following SSTI’s recent look at the timing and type of exits, we continue our look at investment activity to characterize returns on investments so that TBED investors can more accurately project and adjust program parameters to support long-term sustainability. Accurate data on venture capital investment returns and fund performance on private investment vehicles is not readily or consistently available. Anecdotal stories  and the occasional press release on a major transaction exist, but VC exits are often done quietly. As such, parties interested in understanding performance outcomes must rely on focused reports and other aggregate data. 
investing
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