Salt Lake City, UT – For the first time in over 15 years, the U.S. Small Business Administration (SBA) is bringing the SBIR Road Tour to Utah. Representatives of 10 federal agencies offering non-dilutive technology seed funding through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs will arrive at the USTAR SBIR-STTR Assistance Center (SSAC) in Sandy, Utah on May 3, 2017 to meet one-on-one with Utah entrepreneurs. The Mountain West segment of the tour will kick off the 2017 Road Tour, which will go on to visit several states across the nation.
“American innovation is not restricted by geographic or cultural boundaries, and we are dedicated to supporting America’s entrepreneurs wherever they are. This tour reflects our commitment to ensuring that these innovators are aware of the resources that can help them turn a big idea into another great American success story,” said John Williams, SBA Director of Innovation and Technology.
Annually, American innovators gain access to $2.5 billion in non-dilutive seed capital through the competitive SBIR-STTR programs. The SBIR Road Tour is an outreach initiative to help entrepreneurs across the nation access SBIR-STTR funds, with a focus on states that have underutilized this funding opportunity and women-owned and minority-owned firms. The Mountain West segment of the Road Tour will include two states that underutilize SBIR funding, Idaho and Nevada, and will also include Utah and Arizona.
“Since opening this office in 2008, Utah no longer qualifies as underserved,” said Mary Cardon, Director, USTAR SSAC. Utah is one of a minority of states that offers state-funded assistance to local small businesses to help them in all aspects of the SBIR-STTR programs. Utah’s SSAC has assisted companies from Box Elder to Washington counties in bringing nearly $21 million to the state in non-dilutive funds. More than 25% of companies who work with the USTAR SSAC win grants, compared to about 15% of all applicants at most agencies.
“We are honored to have the SBIR Road Tour in Utah,” added Cardon. “The companies in the state have a rare opportunity to build on their innovations with this funding – no one should miss it.”
Attendees at the SBIR Road Tour will enjoy a coveted opportunity to pitch their innovation ideas to funding decision makers during one-on-one appointments. Additionally, national and local experts will speak on topics such as:
- Avoiding common mistakes when applying for SBIR-STTR funding
- Doing business with the Department of Defense
- Helpful resources for small businesses in Utah
- Inspirational stories from successful local entrepreneurs
Program managers from each of the top five SBIR-STTR funding agencies will be at the Sandy Road Tour event, including the Department of Defense, National Institutes of Health, Department of Energy, NASA and National Science Foundation—as well as from other federal agencies. The event will be hosted by the USTAR SSAC at the Salt Lake Community College Miller Campus, and will begin at 8:00 am and close at 4:00 pm.
The SBIR-STTR 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.
Small technology firms, innovators, scientists or researchers can register to attend the SBIR Road Tour at https://www.eventbrite.com/e/
For more information on the SBIR Road Tour and the SBIR program, visit www.sbir.gov.
For more information about the USTAR SSAC, visit http://ustarssac.org