IndustriesTechnology & Biotech

CTC offers up to $100K matching grants for companies with SBIR projects

In Business Madison
By In Business Madison
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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 24th round of SBIR Advance funding dedicated by the Wisconsin Economic Development Corp. (WEDC) since SBIR Advance began in 2014.

A brief letter of intent to apply is due at noon on Oct. 17, and the full application is due at noon on Oct. 31. Click here to learn more.

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. 

Additional important dates for applicants include:

  • Week of Nov. 18: Companies chosen for funding will be notified by this time.

  • Jan 2, 2025: Phase I match awardees must be prepared to start the Lean Startup Program. The course runs through Mar. 27, 2025 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.

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