LARAMIE – The Wyoming Small Business Development Center (SBDC) network, based at the University of Wyoming, received a grant of $ 125,000 to provide specialized training, mentorship and technical assistance to small businesses focused on research and development. development.
The US Small Business Administration (SBA) Federal and State Technology (FAST) Partnership Program Grant aims to improve the outcomes of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for underserved communities in increasing the participation of rural women – small businesses owned and socially or economically disadvantaged.
Last year alone, the Wyoming SBDC Network’s SBIR / STTR initiative helped Wyoming entrepreneurs secure more than $ 3.6 million in government funding. SBIR / STTR programs provide funds to help entrepreneurs and small business owners research, develop and commercialize their innovations. Entrepreneurs can also apply for a $ 5,000 contract – which UW funds with a grant from the Wyoming Business Council – to start the SBIR / STTR process.
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“The FAST Award enables the Wyoming SBDC Network to provide specialized training, education and advice that technology development companies might not otherwise have access to,” said Jill Kline, State Director of Wyoming SBDC Network . “This grant creates an even more robust set of services that supports these high-tech innovations. “
This is the eighth consecutive year that the Wyoming SBDC Network has received this highly competitive grant. Only 32 other FAST grants were awarded this year.
To sign up for confidential and free support through the Wyoming SBIR / STTR initiative, visit www.wyomingsbdc.org.
The Wyoming SBDC Network offers free, confidential advice and technical support to help Wyoming entrepreneurs think, launch, grow, reinvent, or exit their business. In 2020, the Wyoming SBDC Network helped Wyoming entrepreneurs start 95 new businesses, support 6,964 jobs, and make a capital impact of $ 18 million to the state.
The Wyoming SBDC Network is hosted by UW with public funds from the Wyoming Business Council and funded, in part, through a cooperative agreement with the SBA.