Nine small businesses in Wisconsin, including four in the Madison area, will receive up to $775,000 to commercialize their innovations, thanks to the SBIR Advance program’s latest round of funding.
The state matching grant program provides assistance to companies in the process of completing a project in the federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs. This is the 22nd round of SBIR Advance funding since this collaboration by the Wisconsin Economic Development Corp. and the Center for Technology Commercialization (CTC) began in 2014.
Among the Phase 1 recipients receiving up to $75,000 match are Calimetrix of Madison, which delivers precise reference standards for MRI Quality Assurance; Proteovista LLC of Madison, a woman-owned biotechnology company that develops innovative drug discovery assays, research tools, and personalized medicine technologies; and Terra Bioforge of Middleton, which has pioneered a gap filling synthetic biology platform for overproduction and discovery of bioactive natural products that are beneficial to plants, animals, and humans.
Among the Phase 2 recipients receiving up to $100,000 match is Xylome Corp. of Madison, which conducts metabolic engineering on nonconventional yeasts to create sustainable products for large markets.
SBIR Advance grant recipients receive CTC staff support available throughout the commercialization process, including Lean Startup training, business plan review, and other consulting. For more details on the SBIR Advance program, click here. The next solicitation is expected to open in late February.
