Grant for Technical Assistance and matching funds for FAST application:
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are highly competitive programs that encourage domestic small businesses to engage in Federal Research/Research and Development (R/R&D) with the potential for commercialization. Through a competitive awards-based program, SBIR and STTR enable small businesses to explore their technological potential and provide the incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated, and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
The Federal and State Technology (FAST) Partnership Program provides one-year funding to organizations to execute state/regional programs that increase the number of SBIR/STTR proposals leading to an increase in the number of SBIR/STTR awards. FAST funding (up to $125,000 per applicant) for outreach, financial support, and technical assistance to next generation research and development (R&D) focused small businesses. The program places particular emphasis on helping women, socially/economically disadvantaged individuals, and applicants from underrepresented or rural areas compete in the SBIR and STTR programs.
The CSIT matching grant program for FAST, will provide a grant of $225,000 to one selected NJ-based technical assistance organization and will coordinate with the Governor’s office to provide the required corresponding supporting letter necessary for the organization to apply to the Federal FAST grant. This will allow the NJ organization to submit a competitive application while also providing 1-to-1 matching leverage for the CSIT’s funds (if successful). The funds will be made available to the NJ organization regardless of receiving the Federal FAST award.
The aim of the technical assistance program is to enable NJ small businesses to learn about and engage in the SBIR/STTR process, improve the quality of their proposals, enhance the competitiveness of applications and thereby increase the number of NJ winners for the Federal SBIR/STTR grants. Technical assistance to be offered by the selected organization will consist of informational and technical seminars on SBIR/STTR, one-on-one support for proposal preparations, specialized reviews, webinars, online assistance, critiques and suggestions on how to create competitive applications and submission guidance.