Taking America’s Largest Seed Fund on the Road
At the SBA, we oversee America’s Largest Seed Fund, formally known as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
These highly competitive programs provide the needed impetus for many advanced technology firms to move from ideation to commercialization, supporting our country’s innovation driven economy. Since the programs’ inception, there have been over 150,000 awards totaling about $40 billion to help this country’s innovators and de-risk technology investments needed to keep our country competitive. Annually, thousands of American innovators gain access to $2.5 billion in non-dilutive seed capital through the SBIR/STTR programs. While these programs are national in scope, not all communities have fully utilized this opportunity.
We recognize that American innovation is not restricted by geographic boundaries, and to ensure that all of America’s future innovators are aware of this advantageous funding opportunity, SBA and 11 federal agencies are taking the show on the road and embarking on an 18 state SBIR Road Tour.
Continue reading at https://www.sba.gov/blogs/taking-americas-largest-seed-fund-road.