NJCSIT to provide assistance to small businesses seeking federal SBIR/STTR funds

The New Jersey Commission on Science, Innovation and Technology announced Friday it has approved the launch of a new program to provide technical and financial support to New Jersey small businesses pursuing federal SBIR and STTR funding. The program will initially start with $500,000 to support companies applying to the federal Small Business Innovation Research and Small Business Technology Transfer Program programs, which provide more than $3 million nationally in early-stage funding to small businesses.“While the benefits of winning SBIR/STTR grants are clear, small businesses often face challenges in drafting and submitting competitive proposals or leveraging additional financial resources to maintain operations during the application process,” Gunjan Doshi, chairman, CSIT, said. “The SBIR/STTR support program will help New Jersey applicants overcome these challenges and maximize potential awards.”

 

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