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The grantees will provide technical assistance for technology-based small business owners to commercialize high risk technologies. This will be accomplished through these small businesses applying for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program grants.
The grantees deliver technical assistance in the form of counseling and training to small business concerns and entrepreneurs in order to promote growth, expansion, innovation, increased productivity and management improvement.
The program funds technical assistance for small business endeavors located in areas with serious economic conditions resulting from diminished business or government operations. Proposals must include detailed plans to deliver technical assistance to the affected area with corresponding objectives and milestones to be accomplished.