ALBUQUERQUE, N.M. — Albuquerque officials tied to the nation’s largest funding source for technology startups are hosting an all-day workshop Thursday to explain the workings of the Small Business Innovation Research grant program.
A national SBIR expert with more than 20 years’ experience in training and reviewing grant proposals prior to submission will give the presentation. National SBIR experts, Greenwood Consulting Group, will be at Technology Ventures Corp. to guide entrepreneurs through the process of writing a competitive proposal.
The workshop will be from 8:30 a.m. to 4 p.m. at Technology Ventures Corp., 1155 University SE (across from the Pit) in Albuquerque. Register online under entrepreneur services at: www.techventures.org.
Successful applicants can get as much as $150,000 to prove a technology actually works. If successful, it could gain a $1 million grant to build a prototype.
New Mexico technologists receive an annual average $28 million in SBIR funds, organizers said in a news release. Many local companies have been successful in the SBIR program, such Boeing/SVS, Applied Technology Associates and Raytheon/KTech. About one third of the awards have been given to first-time proposers.
The SBIR program has a straightforward problem/solution format. Eleven federal SBIR agencies list a problem in their agency’s SBIR solicitations for each year for private industry to solve.
The agencies with more than $100 million in research spending set aside 2 percent of the funds for small-business research projects. The purpose of the SBIR program is to stimulate private-sector technological innovation and increase the commercial application of the research results.
The 11 participating federal agencies are Defense, Energy, Health and Human Services, Agriculture, Commerce, Education, EPA, Homeland Security, NASA, Transportation and NSF.