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.

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Barriers to Digital Trade

In January 2017 the Congressional Research Service drafted a report entitled Digital Trade and U.S. Trade Policy. The Report (43 pages long) complies information from across various sectors to describe barriers faced by US companies in exploiting and pursuing digital trade opportunities abroad. The report follows on a
US Trade Representative Fact Sheet on Key Barriers to Digital Trade released last year, among several US governmental initiatives to identity and, possibly, remediate trade barriers to digital commerce. The International Trade Administration housed in the US Department of Commerce describes, via their export.gov site, foreign trade barriers as “any barrier that impedes a company’s ability to trade in a foreign country.” The site gives examples of “common trade barriers” to include “Tariff and Customs[;] Service Barriers [;] Standards [;] Testing [;] Labeling [;] Certification [;] Rules of Origin [;] Government Procurement Contracting [;] Intellectual Property Protection Problems [;] Excessive Government Requirements [;] Excessive Testing or Licensing Fees [;] Bribery [; and] Investment Barriers”.

Companies facing trade barriers may report or complain about them to the US Department of Commerce’s Office of Trade Agreements Negotiations and Compliance for investigation. Your US company might also check out the US Department of Commerce’s Country Commercial Guides, which contain (in most of the 125 countries covered) concise discussions of trade barriers within each country guide housed as a submenu under the “Trade Regulations, Customs & Standards” sidebar link. There are also a couple of webinars about “Website Globalization” your US company might want to check out, collectively entitled “Preparing Your Website for Global Commerce.”

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.

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Looking for Export Trade Leads…

If your small business is interested in export related sales leads take a look at the Empire State Development Marketing Assistance Service Program. There you will find a description of the sales and marketing assistance program offered by New York State promoting “Made In New York” products. There is an application you need to complete to qualify for the program. On the federal level you may want to check out export.gov, which offers a range of market entry and expansion services (some for a fee). While your small business is getting new export sales leads, you may want to pursue the Small Business Administration’s Export Loan Programs. There is a short explanation of the International Trade Loan Program as well as Export Express Loan Program and Export Working Capital Program. All normally require an application. If you are a UK SME, take a look at the UK trade and Investment International Trade Services for Exporters. There you will find information on trade sales leads (registration required) and UK Export Finance. A good overview of UK Export Finance is available on their Overview Page describing the various programs offered. 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.
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