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 25th round of SBIR Advance funding dedicated by the Wisconsin Economic Development Corp. since SBIR Advance began in 2014.
Applicants must submit a brief letter of intent by April 9 at noon. The full application is due April 18 by noon.
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.
Companies chosen for funding will be notified by the week of May 5. Phase I match awardees must be prepared to start the Lean Startup Program by June 5. The course runs through Aug. 28 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.
