Colorado SBDC receives $125K grant for TechSource

Wednesday September 5, 2018 0 comments Tags: Denver, Colorado SBDC, TechSource, Kelly Manning

DENVER -- The Colorado Small Business Development Center (SBDC), a division of the Colorado Office of Economic Development & International Trade, received a $125,000 grant in support of its technology program.Colorado_SBDC_logoUSE

The SBDC Technology Program (SBDC TechSource) provides custom-fit, expert consulting and applicable programs to technology businesses and advanced industry ventures across the state.

Although the program assists ventures to tap into all types of funding sources, the SBDC TechSource differs from other incubators/accelerators in its focus on non-dilutive capital sources. 

Specialized assistance is provided for federal Small Business Innovative/TechTransfer Research grants (SBIR/STTR), State of Colorado Advanced Industry grants, federal R&D Tax Credits, the technology commercialization process, business development and growth strategies.

A major objective of this grant is to find and assist technology companies (and nascent entrepreneurs) in rural and underserved communities in Colorado.

“We are excited by the additional support we will be able to provide with this grant to innovative Colorado businesses in creating or integrating technology,” said Kelly Manning, Colorado SBDC director.

“Colorado is an innovation wellspring and we look forward to seeing what bubbles up because of this grant.”

The grant, administered by the National Small Business Association (SBA), provided funds to 24 recipients to support small business innovation and R&D commercialization.

Each of the 24 awards are for $125,000 under the Federal and State Technology (FAST) Partnership Program. Recipients include state and local economic development entities, Small Business Technology Development Centers, Women’s Business Centers, incubators, accelerators, colleges, and universities that provide support to small businesses developing and commercializing high risk technologies. 

Only one organization is selected in each of the awarded states.

The FAST award project and budget periods are for 12 months, beginning Sept. 30.