MSU Foundation is part of the MSU Innovation Center that focuses on technology commercialization and economic development. Its venture development organization, Spartan Innovations (SI), has increased the number of startup companies winning SBIR/ STTR awards from 1 in FY2016 to 8 in FY2019. MSU Foundation’s pre- seed fund portfolio companies, have raised $19 million in non- dilutive funding – including SBIR/STTR funding.
Since 2016, 73% of all Delaware-based technology companies receiving SBIR funds have been clients of the Delaware Small Business Development Center (DSBDC), and these clients received 86% of all SBIR/STTR funds awarded in the state. Since 2015, the DSBDC technology team has delivered over 1,800 hours of technical assistance to over 220 next generation technology businesses, 55% of which were women-or minority-owned, and 26% of which were clients from under- represented and rural areas.
Over the past 18 years the program has assisted over 400 companies, trained more than 1,200 attendees, and $302 million has been awarded to Michigan companies directly served by the program.
In 2018 alone, BBCetc worked with SBIR/STTR applicants and support organizations in 32 states, the U.S. Virgin Islands and Puerto Rico.
Since 2005, the CTC has assisted small businesses in WI to win over $132M in SBIR/STTR funds and more than $271M in additional capital – and since 2016, has seen a 132% increase in rural submissions, an 84% increase in minority-led awards, and a 42% increase in women-led awards.
Since 2018, OK Catalyst has guided 13 companies to win $8.5M in SBIR/STTR awards – with 100% of participating companies being first-time awardees – and is focused on leveraging SBIR/STTR as an economic development tool to launch and grow a new generation of Oklahoma startups.
LTTO has provided SBIR/STTR assistance to 1,000+ small companies, university faculty & entrepreneurs with 85 Phase I & II awards made to LA small businesses from 2016-2019 – Louisiana has doubled its Phase III success rate, securing $35 million in Phase III federal contracts.
Over 190 SBIR/STTR clients served and $9.4M in SBIR/ STTR funding since NM FAST program inception in 2015. To date, 23% of businesses are rural, 36% are minority-owned and 31% are women-owned; 89% of clients are first-time applicants.