Ten small businesses in Wisconsin will receive up to $850,000 to commercialize their innovations, thanks to the SBIR Advance program’s latest round of funding.
Funded by the Wisconsin Economic Development Corporation WEDC, the state matching grant program provides 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 21st round of SBIR Advance funding since this collaboration by the Wisconsin Economic Development Corporation (WEDC) and the Center for Technology Commercialization (CTC) began in 2014.
Over the past nine years, 157 awards totaling nearly $13 million have been awarded. Those businesses reported obtaining $64 million in follow on funding since receiving the SBIR Advance matching grants.