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SBA announces grant funding for states

The U.S. Small Business Administration is accepting grant funding requests from the governors of U.S. states andsbalogosmall territories to support programs for innovative, technology-driven small businesses under SBA’s Federal and State Technology (FAST) partnership program through May 10, 2010. 

FAST provides $2 million in funding (up to $100,000 per applicant) for outreach and technical assistance to science and technology-driven small businesses. 

The program places particular emphasis on helping socially and economically disadvantaged firms compete in the SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Eligible applicants for FAST grants include state and local economic development agencies, Small Business Development Centers, and colleges and universities. 

Each state, through its governor, may submit one proposal.

“The FAST program is an important catalyst for helping America’s cutting-edge entrepreneurs continue to drive innovation and create good jobs,” said Karen G. Mills, SBA Administrator. “The partnerships developed through these programs will play a critical role in helping high-growth potential small firms lay a stronger foundation for economic prosperity.”

For more information about the SBIR and STTR programs, visit SBA’s Web site at: www.sba.gov/sbir.


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