All aboard, next stop: The Hub.
New Brunswick was named one of 16 stops on the U.S. Small Business Administration‘s road tour, the SBA announced Thursday.
The tour, it said, connects entrepreneurs advancing technology with early stage funding through the Small Business Innovation Research and Small Business Technology Transfer programs.
“Led by the SBA with 11 participating federal agencies, the SBIR and STTR programs are also known as America’s Seed Fund, and focus on next generation research and development,” Steve Bulger, SBA Region II regional administrator, said.
The tour will stop at New Brunswick on September 18, the SBA said.
Each stop will be hosted by a local organization that supports entrepreneurs in next generation R&D. Managers from federal agencies will also conduct one-on-one meetings with attendees, take part in panels, discuss technology and share insights into agency funding.
“For 35-years, New Jersey companies have received and benefited from a total of 4,516 SBIR/STTR awards for $1.2 billion,” Bulger said. “Without these two programs and the funding they provide, many of these small firms probably would have had difficulty in further developing their idea into an application. While the U.S. Government is the beneficiary of this R&D, the idea behind both SBIR/STTR is to eventually bring this research to commercialization so that it can be used in every-day applications.”
The SBIR/STTR program provides more than $3 billion in early stage funding each year, the SBA said.
