By Javier.Saade, SBA Official
Originally Published as News on: February 12, 2015
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Javier Saade, SBA Assoc. Admin. Office of Investment and Innovation |
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.
The SBIR Road Tour “Seeding America’s Future Innovations”, is a
nationally focused outreach initiative targeting advanced technology
communities, including women-owned and minority-owned firms, in states
that have underutilized this funding opportunity. Over the course of
2015, I am glad to announce that more than 20 individual program
managers from the 11 participating agencies will travel by motor coach
to convey the non-dilutive technology seed fund opportunity. Each SBIR
Road Tour stop is hosted by a local organization committed to supporting
technology-based entrepreneurship, and will provide attendees with a
coveted local opportunity to hear directly from federal agency program
managers, and meet one-on-one with program decision makers.
The first series will take place the week of March 23rd, with stops
in Louisville, KY, Nashville, TN, Atlanta, GA, and
Columbia, SC. The
next stop is the week of April 27th in Long Beach, MS, Ruston, LA,
Oklahoma City, OK, Wichita, KS, and Columbia, MO. Trips to the North
Central region is planned for July and the last to the Northwest in
August.
It’s like a rock band tour with a twist - the rock stars are
America’s innovators and we want to give you a stage to explore these
amazing programs.
If you’re a small technology firm, innovator, scientist or
researcher, I encourage you to take advantage of this opportunity. Since
the SBIR/STTR programs inception, it has provided seed funding to
companies including Qualcomm, iRobot, Symantec, and Genzyme. Through
this outreach initiative, I am confident we will continue to expand on
the program’s success, and am excited to see what innovation we seed
next.
For more information on the SBIR Road Tour and the SBIR program visit
www.sbir.gov.