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.
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
Aug. 17 at noon – Full application is due. It may be found at the
main SBIR Advance page,
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.
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
contact Strother at
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
initiative – also a collaborative effort between WEDC and the UW
System – is the Ideadvance Seed Fund, also managed by UW-Extension’s
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
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.
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
@InWisconsin on Twitter.