funding

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

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.

EDA awards $35 million for 52 Build-to-Scale projects

This week, the U.S. Economic Development Administration (EDA) announced the 2020 Build-to-Scale awards. In this round, nearly $35 million was awarded to 52 organizations to support regional strategies advancing entrepreneurship and innovation. Through the end of 2019, funded organizations had worked with more than 6,200 startups, facilitating $1.6 billion in investment and the launch of more than 9,000 products, according to EDA. SSTI has been a proponent of the Build-to-Scale program, which had not received any federal appropriations prior to the creation of SSTI’s Innovation Advocacy Council.

Inclusive innovation ecosystem prize competition launched

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 scheduled for Sept. 25, before the portal opens on Sept. 30.

Missouri governor uses CARES funds to support incubator facilities

Missouri Gov. Mike Parson last week announced that $1 million of the state’s CARES Act funding will be used to create a grant for nonprofit and university-based coworker and incubator facilities. The grant will be administered by the Missouri Technology Corporation (MTC). Organizations will be reimbursed with grant funds for expenses related to updating the facilities to encourage social distancing, adopting enhanced sanitation protocols or acquiring PPE to comply with the guidelines of the public health emergency. More information about the program can be found here.

Commerce announces availability of $1.5 billion in CARES Act funds to aid communities impacted by coronavirus

U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) is now accepting applications from eligible grantees for Coronavirus Aid, Relief, and Economic Security Act (CARES Act) supplemental funds (EDA CARES Act Recovery Assistance) intended to help communities prevent, prepare for, and respond to coronavirus. EDA will make the recovery assistance grants under the  under the authority of its Economic Adjustment Assistance (EAA) program, which is intended to be flexible and responsive to the economic development needs and priorities of local and regional stakeholders.

Treasury allows states’ CARES funds to assist small businesses

Last week, the U.S. Department of the Treasury published new guidance for how state and local governments can use the $150 billion in relief funds provided by the CARES Act. The guidance provides some flexibility to recipients to address “second-order effects” of the COVID-19 pandemic. On a long, but “nonexclusive” list of eligible expenditures, Treasury included expenditures related to small business grants to reimburse costs from related interruptions and costs related to a payroll protection program. State, territorial and tribal governments, as well as municipal governments with populations greater than 500,000 were eligible for these relief funds, which had to be requested by April 17. Generally, funds can cover necessary expenses incurred between March 1 and December 30 that were not part of the government’s budget in effect on March 27, 2020.

New funding available for tech-based companies impacted by coronavirus in PA

In Pennsylvania, the Department of Community and Economic Development (DCED) announced last week that new funding is available to help technology-based companies impacted by COVID-19. In recognizing that the state’s tech companies have been stepping up to provide innovative ways to produce personal protective equipment and other supplies, DCED Secretary Dennis Davin said in a release that “we must make sure they remain in a position to provide those critical services and ideas in our response to this pandemic.”

$6 million in funding made available to Michigan startups

Last week, $6 million in funding was approved by the Michigan Strategic Fund for startup companies in the state. The $3 million Pre-Seed Fund III granted by the Michigan Economic Development Corporation will be administered by the Michigan State University Foundation and will support early-stage startups. The other half of the total funding ($3 million) as announced by the MEDC and Detroit-based ID Ventures, will support the newly-established Tech Startup Stabilization Fund which will focus on sustaining technology-based startups affected by the COVID-19 outbreak.

NIH activates new funding vehicle for COVID-19 R&D, other measures seek more information

For the first time and in response to the COVID-19 outbreak, the National Institute of Allergy and Infectious Diseases (NIAID) together with the National Institute of General Medical Sciences (NIGMS) has activated the NIH Urgent Award mechanism. The targeted opportunity is intended to provide funds for NIH grantees applying to expand the scope of their active grant. Last month, NIAID and NIGMS published a Notice of Special Interest (NOSI) “to highlight the urgent need for research on the 2019 novel Coronavirus (2019-nCoV). NIAID is particularly interested in projects focusing on viral natural history, pathogenicity, transmission, as well as projects developing medical countermeasures and suitable animal models for pre-clinical testing of vaccines and therapeutics against 2019-nCoV.”

Advanced manufacturing projects in 25 states share $140 million from DOE

The Advanced Manufacturing Program within the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy awarded nearly $140 million to companies and universities in 25 states and the District of Columbia to support 55 advanced manufacturing research projects. Recipients are contributing an additional $47.8 million toward project costs. Projects received an average of $2.5 million, but range from $400,000 to $12 million. The accompanying map presents the distribution of awards across the country and brief details on each recipient.

Pages

Subscribe to RSS - funding