The Center for Technology Commercialization (CTC) is offering a matching grant of up to $100,000 to provide additional 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 dedicated by the Wisconsin Economic Development Corp. (WEDC) since SBIR Advance began in 2014.
Deadlines are quickly approaching. At noon on Oct. 17, a brief intent to apply is due; at noon on Oct. 26, the full application is due.
To be eligible, companies must have an SBIR/STTR project in either Phase I or Phase II of funding. All companies must have a significant presence in Wisconsin to be considered for the grant and be registered within the Wisconsin Department of Financial Institutions.
Applicants should note:
- Companies chosen for funding will be notified by early November; and
- Phase I match awardees must be prepared to start the Lean Startup Program in January. The course runs through the end of March and is administered by the CTC. It teaches companies how to incorporate their technologies into a validated business model and defines the best possible target markets.
For more details on the SBIR Advance program and current eligibility requirements, contact Todd Strother.
SBIR Advance is part of a Start-Seed-Scale (S3) initiative that WEDC is pursuing with the help of the UW System and other business leaders throughout the state to remove barriers to high-tech commercialization. Under the S3 umbrella, WEDC and its economic development partners are implementing financial and operational assistance programs designed specifically to address Wisconsin’s business startup and seed-funding challenges. Selected SBIR Advance participants undergo Lean Startup training to assist with their SBIR Phase II applications.
