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.
If you are a small business or a minority owned business you will want to take a look at the State of Connecticut’s Supplier Diversity Program. The program’s website contains information about procurement set asides for small business and explains the process for small businesses to obtain certification to participate in the program.
If you are thinking about starting a small business in Connecticut, then take a look at the federal government’s website that provides a step by step guide to begining your small business. The site features a guide to issues a prospective small business owner should consider in creating a small business in Connecticut. Some of the issues addressed are business plans, tax issues, state permits, and location selection.
Want to know if your Connecticut small business needs a certain business license? Does the State of Connecticut require your small business employees to obtain a license for their particular trade or occupation?
Take a look at http://www.ct-clic.com/
The State of Connecticut operates this website, which provides a good deal of useful information about licensing requirements.