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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

$1.5 million awarded through Kauffman Heartland Challenge

Thursday, July 30, 2020

The Kauffman Foundation has announced 17 organizations will share the $1.5 million in funding allocated through their Heartland Challenge. These grantees will work to solve specific challenges entrepreneurs in the heartland region — comprised of Missouri, Iowa, Nebraska, and Kansas — face, and will participate in facilitated, peer-learning communities of practice to share knowledge across the region.

  • Read more about $1.5 million awarded through Kauffman Heartland Challenge

A dozen makerspaces win $1 million total in pilot competition

Thursday, August 29, 2019

The U.S. Small Business Administration has announced the winners of a $1 million competition designed to help makerspaces train the future workforce, focusing on addressing the job skills and placement gap faced by U.S. businesses. The 12 winners of the Makerspace Training, Collaboration and Hiring (MaTCH) Pilot Competition, will reap $1 million total in prize money across three tiers.

  • Read more about A dozen makerspaces win $1 million total in pilot competition

Community colleges named in college excellence program

Thursday, April 11, 2019

Two community colleges in Florida became the winners of the 2019 Aspen Prize for Community College Excellence, which recognizes high achievement and performance among America’s community colleges. Winners were Indian River State College (IRSC) ($350,000) in Fort Pierce, Florida, and Miami Dade College ($350,000) in Miami; Odessa College and Palo Alto College in Texas and Pierce College in Washington were named as Rising Stars ($100,000 each).

  • Read more about Community colleges named in college excellence program

Can $13M change the distribution pattern for NIH SBIR awards?

Thursday, January 3, 2019

A significant majority of SBIR and STTR grants awarded to small businesses from the National Institutes of Health in any given year end up in just a handful of states.

A significant majority of SBIR and STTR grants awarded to small businesses from the National Institutes of Health in any given year end up in just a handful of states. For example, the percentage of all 2017 SBIR/STTR awards made to companies in the 23 states and Puerto Rico eligible to participate for funding from NIH’s Institutional Development Award (IDeA) program was only 8 percent – 97 of the 1,218 awards made across all phases of both innovation funding programs.  For comparison, the same states account for 15.8 percent of the estimated U.S. population in 2017. NIH wants to change that discrepancy.

  • Read more about Can $13M change the distribution pattern for NIH SBIR awards?

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Recent news from the SSTI Digest

Rep. Haley Stevens leads bipartisan Build to Scale Reauthorization Act to strengthen innovation and entrepreneurship in regional economies nationwide

Friday, May 15, 2026
Today, Michigan Congresswoman Haley Stevens (MI-11), along with Rep. Jim Baird (R-IN), introduced the bipartisan Build to Scale Reauthorization Act of 2026, legislation to extend and strengthen the Economic Development Administration’s (EDA) successful Build to Scale program through fiscal year 2030. The bill helps startups grow, strengthens regional innovation hubs, and creates good-paying jobs across Michigan and the country.
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SBA seeks public comment in two areas related to supply chains

Wednesday, May 6, 2026
The U.S. Small Business Administration (SBA) seeks public comment for two Requests for Information. The first, Supply Chain Gaps and Entrepreneur Assistance, is focused on the future of SBA’s Innovation Network Programs—FAST, GAFC, RICs—and how each program can align entrepreneur support in critical industry areas. These are programs that are relevant to TBED organizations, accelerators, incubators, investors, universities, research institutions, and tech transfer offices.
sba

Slowing Q1 VC investment could mean more selective investors and difficult fundraising

Wednesday, May 6, 2026
Venture capital investments so far in 2026 are showing the same trends as 2025, with more funding going to fewer companies. According to PitchBook, quarterly U.S. VC investment totaled $267 billion, with the five largest deals raising a combined $195 billion, or over 73% of all Q1 capital. The heavy bias toward the top deals underscores the importance of narrowing the deal segments to understand what trends are faced by the majority of companies.  
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