The aim of the FAST grant is to encourage more North Dakota businesses to participate in the Small Business Innovation Research (SBIR) Program and Small Business Technology Transfer (STTR) Program.
The Center for Innovation has been the North Dakota administrator for the SBIR outreach and technical assistance program since 1987.
To date, about 30 North Dakota companies have been awarded about $27 million in SBIR/STTR awards.
The Center for Innovation's SBIR assistance program offers technical assistance to small businesses as they prepare competitive SBIR/STTR Phase I & Phase II proposals.
"Through the grant, the Center for Innovation will collaborate with key partners in the state and region to work with North Dakota technology companies with one-on-one counseling and proposal review," said Eric Veidel, SBIR/STTR director at the Center. "We also will help them with SBIR conferences led by nationally-recognized presenters, and we will provide some financial support to help them complete their first SBIR or STTR proposals."