Nebraska SBDC Receives Additional FAST Funding!

SBA Nebraska District Office

October 4, 2022

u s small business administration
Photo of a person in a lab with the following text, SBIR/STTR. The SBA logo is at the bottom.

Nebraska Small Business Development Center Receives Additional $125k in FAST Grant Funding!

The Nebraska Small Business Development Center has received its third year of Federal and State Technology (FAST) Partnership Program funding of $125,000. FAST provides small businesses and startups, particularly those in underserved communities, with specialized training, mentoring, and technical assistance for research and development. A total of 44 awardees received over $5.4 million in funding nationwide.

FAST’s objective is to strengthen the competitiveness of small businesses and startups across the country, particularly those from underserved communities to help them benefit from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Through FAST, the SBA continues to play a critical role in creating inclusive entrepreneurial ecosystems and helping American entrepreneurs grow their networks and revenue opportunities with new capital, a priority of U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman.

Josh Nichol-Caddy, Technology Commercialization Director for the Nebraska Small Business Development Center, states that, “through America’s Seed Fund, the Small Business Administration plays a central role in supporting scientific excellence and technological innovation. In Nebraska, federal research funds have helped get cutting-edge medical research, next-generation agricultural technologies, innovations related to national defense, and more to market. NBDC thanks SBA for continuing to support its efforts with the inventors and innovators of Nebraska.”

SBA Nebraska District Director Tim Mittan says, “we are excited the Nebraska Small Business Development Center network is one of the 44 awardees of this year’s FAST Grant. The Nebraska SBDC is in its third year of funding, and this latest $125,000 award comes due to their success with the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program throughout the state.  The SBIR/STTR program’s goal is to provide awards to women, socially/economically disadvantaged individuals, and small businesses in underrepresented areas in the areas of technology in order to stimulate technological innovation. This is generally done through outreach, technical and business assistance, and financial support. We look forward to the continued advancement in Nebraska this funding will bring.”

For more information on the SBA's FAST grants and a list of this year's grantees, go online to https://www.sbir.gov/about-fast

About FAST

In FY 2022, $6 million was appropriated for entities to carry out activities defined under the FAST Partnership Program legislative authority. Entities from all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands are eligible to receive funding to provide outreach, technical, and financial assistance. These efforts are focused on elevating and expanding the ecosystem support network that works with technology developing entrepreneurs, startups, and existing small businesses. FAST’s primary goal is to help tech entrepreneurs who have traditionally been left out of federal R&D programs by successfully applying, winning, and executing SBIR and STTR awards. Additional information can be found at www.sbir.gov/about-fast.

About SBIR/STTR

SBA coordinates the SBIR/STTR programs, known as America’s Seed Fund across the 11 participating federal agencies. Over $4 billion in early-stage seed capital was provided in FY 2022 through over 7,000 awards to more than 4,000 small businesses. Federal agencies announce funding opportunities as either grants or contracts to address their research and development needs. Companies supported by America’s Seed Fund often generate some of the most important breakthroughs each year in the U.S. Additional information about the programs, as well as past and current topics can be found at www.sbir.gov.

About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit https://www.sba.gov.