WEDC created the SBIR Advance program to provide state match funding, training, and other resources to Wisconsin businesses to advance the commercialization of SBIR/STTR-funded technology and expedite economic and job creation impact in Wisconsin. The program aims to fill critical funding gaps for activities such as market research, customer validation, patent development, business model development, and regulatory assessment restricted under federal awards.
SBIR Advance grants are used for commercialization activities that accelerate business development and improve company opportunities for Phase 2 and Phase 3 federal awards and for investor funding. For details, please contact CTC’s Dr. Todd Strother.
Companies with a current/recent Phase 1 SBIR/STTR award may be eligible to apply for a Phase 1 Match Grant. Companies with a current/recent Phase 2 SBIR/STTR award may be eligible to apply for a Phase 2 Match Grant. WEDC gives preference to companies that are early stage and have won only one (1) Phase 2 award. Companies with more than three SBIR/STTR Phase 2 awards are not eligible for SBIR Advance.
To receive cash awards, awardees complete commercialization milestones designed to accelerate business development. Depending upon Phase 1 or Phase 2 match funding, activities will include completion of Lean Startup training, an approved commercialization plan or funding strategy, regulatory plan, or similar assessment as defined by the business need. Below is an overview of cash awards and associated milestones.
Read more about Karen Caswelch’s, SciArt Software’s CEO, SBIR Advance experience and her discovery of tactics that assisted SciArt Software’s commercialization efforts.