Business grants available
Deadlines approaching for UW-Extension program

News Graphic Staff

July 18, 2017

MADISON — The University of Wisconsin-Extension’s Center for Technology Commercialization is offering a matching grant of up to $75,000 to provide additional assistance to companies in the process of completing a project in the federal Small Business Innovation Research or Small Business Technology Transfer programs.

This is the ninth round of SBIR Advance funding dedicated by the Wisconsin Economic Development Corporation since SBIR Advance began in 2014.

“These funds continue to help SBIR companies do critical business-related activities that accelerate their commercialization and ultimately benefit the Wisconsin economy,” said Todd Strother, CTC senior technology consultant and SBIR advance program manager.
 

A news release said deadlines are approaching:

Aug 3 at noon – Brief Intent to Apply form is due. It may be found at www.wisconsinsbir.org/content/sbiradvance-intent-apply.

Aug. 17 at noon – Full application is due. It may be found at the main SBIR Advance page, www.wisconsinsbir.org/content/sbir-advance-matching-grant.

To be eligible, companies must have an SBIR/STTR project in either Phase I or Phase II of funding. All companies must be located in Wisconsin to be considered for the grant. Funds can be used for business and market development, customer validation, intellectual property work or other areas needed to speed product commercialization.
 

Applicants were advised to note these important dates:

Sept. 1 – Companies chosen for funding will be notified.

Sept. 21 – Phase I Match awardees must be prepared to start the Lean Startup Program. The course runs through Dec. 14 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, visit www.wisconsinsbir.org/content/sbir-advance-matchinggrant or contact Strother at todd.strother@uwex.edu.

SBIR Advance is part of a Start-Seed-Scale (S3) initiative 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.

One such initiative – also a collaborative effort between WEDC and the UW System – is the Ideadvance Seed Fund, also managed by UW-Extension’s CTC.

Selected SBIR Advance participants undergo Ideadvance Lean Startup training that is modified to assist with their SBIR Phase II applications.

The Center for Technology Commercialization is a unit in the UW-Extension’s Division for Business and Entrepreneurship. CTC provides one-on-one expert consulting to early-stage emerging technology businesses throughout Wisconsin. CTC has collaborated in acquiring more than $100 million in federal and other funding for clients.

Learn more at www.wisconsinsbir.org; follow @WisconsinCTC on Twitter.

The WEDC leads economic development efforts for the state by advancing and maximizing opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive environment, according to the news release.

Working with more than 600 regional and local partners, WEDC develops and delivers solutions representative of a highly responsive and coordinated economic development network. Learn more at http://inwisconsin.com; follow @InWisconsin on Twitter.