Entrepreneurs learned more about small business funding opportunities from federal agencies with Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs during America’s Seed Fund Week last week. The $4 billion funding program, which is currently up for reauthorization, is celebrating 40 years of providing funding to small businesses each year in a variety of technology areas.
A recent report by the National Women’s Business Council (NWBC) and the Small Business Administration (SBA) found that participation rates in the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs by women-owned small businesses (WOSB) has essentially remained flat since 2011. Although participation rates vary by awarding agency, the report highlights several barriers faced by women entrepreneurs.
A recent report by the National Women’s Business Council (NWBC) and the Small Business Administration (SBA) found that participation rates in the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs by women-owned small businesses (WOSB) has essentially remained flat since 2011. Although participation rates vary by awarding agency, the report highlights several barriers faced by women entrepreneurs. Despite the gloomy findings, the report features promising practices from entrepreneurial support organizations (ESOs) that may “right the ship” in supporting women entrepreneurs through the SBIR/STTR program.
The Small Business Administration released its annual solicitation for the Federal and State Technology (FAST) Partnership Program, a competitive grants program for eligible organizations to conduct outreach and provide technical assistance services to technology-based small business owners.
Twenty universities and organizations received $100,000 grants to support R&D and small business innovation under the U.S. Small Business Administration's FAST program. The program is designed to stimulate economic development among small, high-tech businesses through federally-funded innovation and R&D programs such as the SBIR and STTR programs. The project and budget periods are for 12 months beginning Sept. 30, 2010, according to a press release.
The program has not been authorized yet, but that did not stop Congress from including $2 million in the FY10 Consolidated Appropriations Act for the Federal and State Technology Partnership Program (FAST). The funding, tucked in one sentence of the conference report for the Small Business Administration appropriations, will provide grants to state-based SBIR/STTR outreach and assistance programs on a competitive basis. Enabling legislation for FAST is contained in SBIR’s Reauthorization, which has been stalled in contentious conference negotiations for several months.
Last week, SSTI reported the draft SBIR Reauthorization bill circulated by the House Small Business Committee in mid-March included language that would reauthorize the Federal & State Technology Partnership (FAST) for two years at its current $10 million level. FAST was created with the 2000 SBIR reauthorization and received appropriations through the Small Business Administration (SBA) for three of the next four years.
The Small Business Administration announced the FY15 awardees of its Federal and State Technology (FAST) Partnership Program. In FY15, 20 state and local economic development agencies, business development centers, and colleges and universities will receive $100,000 each to support programs to establish and/or sustain programs that provide support to innovative, technology-driven small businesses in their state and help them compete in federally funded research and development through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.