Technological Innovation Government Programs

For small businesses looking to conduct research and development, while needing funds to realize their small business technology, check out The Small Business Innovation Research (SBIR) program. The SBIR “is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.” Progressing in three phases (I to III) with funding of up to US$150,000 in phase I (6 months) and up to US$1,000,000 (2 years) in phase II, the “SBIR funds the critical startup and development stages and it encourages the commercialization of the technology, product, or service, which, in turn, stimulates the U.S. economy.” The program started in 1982 (President Regan) and encompasses several US federal agencies.

Another US federal government program focusing on small business technology companies is The Small Business Technology Transfer (STTR) . The STTR “expands funding opportunities in the federal innovation research and development (R&D) arena.” Like the SBIR, the STTR is a three phase program offering the same monetary support as the SBIR to small businesses who partner/collaborate with research institutions/laboratories. The goal of the STTR is to “[i]ncrease private sector commercialization of innovations derived from federal R&D.”

  • Funding opportunities are listed online, and include current solicitations as well as future opportunities.

If your small business technology enterprise resides in New York (the Empire State), then check out the Empire State Development’s Division of Science, Technology and Innovation (NYSTAR) site. NYSTAR lists a number of programs offered in the State of New for New York companies on the left hand side of their site (click thru the links listed for more info). If your high technology small business is located in Connecticut, take a look at the venture capital program called Connecticut Innovations.

Daniel H. Erskine, an international attorney, practices in New York and Connecticut focusing on international law, civil litigation, appeals, and business transactions. www.erskine-law.com Attorney Advertising; USE OR VIEWING OF THIS BLOG OR ANY OF THE WEB PAGES LINKED TO IT DOES NOT ESTABLISH OR OTHERWISE CONSTITUTE AN ATTORNEY-CLIENT RELATIONSHIP.

SizeUp your Business & NY Business Financing

Looking for market data on how your small business compares; check out the Small Business Administration’s online tool Sizeup. The tool helps by “benchmarking [your small business] against competitors, mapping your customers, competitors and suppliers, and locating the best places to advertise.” You will need to create a sign in to access some of the options. Your New York small business may also retrieve labor market data from the New York Department of Labor’s statistics site. There you will find wage data by occupation, employment projections, and regional data (among other items). In addition, your New York small business might want to look at business financing options at New York Business First’s website. The site details programs available for New York small and larger businesses offered throughout New York State. Also, reference to Empire State’s various business programs may prove useful for your New York small business or your SME located abroad. Their International Division has offices overseas (there is one in the UK in London). www.erskine-law.com

Daniel H. Erskine, Esq., an international attorney, practices in New York and Connecticut focusing on international law, civil litigation, appeals, and small business transactions. www.erskine-law.com Attorney Advertising; USE OR VIEWING OF THIS BLOG OR ANY OF THE WEB PAGES LINKED TO IT DOES NOT ESTABLISH OR OTHERWISE CONSTITUTE AN ATTORNEY-CLIENT RELATIONSHIP.

OPIC’s Small and Medium-Enterprise Financing

Does your small business contemplate or currently engage in “investment projects in developing countries and emerging markets”? If so, check out the Overseas Private Investment Corporation’s (OPIC) Small and Medium-Enterprise Finacing facility that provides loans and loan guarentees. OPIC provides a checklist to determine if your small business is eligible for OPIC funding. www.erskine-law.com

Daniel H. Erskine, Esq., an international attorney, practices in New York and Connecticut focusing on international law, civil litigation, appeals, and small business transactions. www.erskine-law.com Attorney Advertising; USE OR VIEWING OF THIS BLOG OR ANY OF THE WEB PAGES LINKED TO IT DOES NOT ESTABLISH OR OTHERWISE CONSTITUTE AN ATTORNEY-CLIENT RELATIONSHIP.