Small Business Innovation: SBIR and STTC Funding
The US Small Business Administration (SBA) reauthorized funding that allows small business to make technological advances through its Small Business Innovation Research (SBIR) and also its Technology-Transfer (STTR) programs.
The Business Innovation program encourages businesses to perform the research and development needed to advance technology.
The STTR allows for private companies to purchase research conducted at high-education facilities, perhaps as public-private ventures, for sale in private industry applications.
There are several organizations in Wisconsin and Minnesota that can assist with the program.
To learn more about the programs, go to www.sbir.gov .
