March 2014 June 2015


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SBA Awards Grants to 20 Universities and Organizations To Support R&D, Small Business Innovation Small Business Administration


HRM's Photos of the Month WASHINGTON – The


U.S. has


granted $100,000 awards for FY 2015 to 20 state and local economic development agencies, business development centers, and colleges and universities to support programs for innovative, technology-driven small businesses under SBA’s Federal and State Technology (FAST) Partnership Program.


FAST is designed to stimulate


economic development with outreach and technical assistance to science and technology-driven small businesses, with a particular emphasis on socially and economically disadvantaged firms, helping them to compete in federally- funded research and development through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs.


“FAST provides boots on the


ground support at local levels to help entrepreneurs compete and win SBIR/ STTR awards,” said John Williams, SBA’s Director of Innovation. “These programs are the largest source of


Hampton Roads Messenger publisher Angela Jones, poses with actor Omari Hardwick at the 2014 CIAA Basketball Tournament Fan Experience in Charlotte, NC.


the


non-diluted early stage funding in the world, attributing to the success of tens of thousands of firms since being established in 1982. Yet many entrepreneurs in cities and states across the country are unaware. The main goal of FAST is to increase that awareness through partnering organizations and level the playing field, especially in un- derrepresented areas.”


organizations in the region as recipients of


“I’m excited to have two FAST awards,”


said SBA


Mid-Atlantic Regional Administrator Natalia Olson Urtecho, who overseas districts in the District of Columbia, Eastern and Western Pennsylvania, Delaware, Maryland, Virginia and West Virginia. “The SBIR/STTR program has an immediate and profound impact on the local economy. It’s a win for the region as new jobs are created and the local economy gets another shot in the arm.”


FAST funding awardees must


demonstrate how they will help support areas such as:


• small business research and


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development assistance,


• technology transfer from universities to small businesses, • technological


diffusion of


innovation benefiting small businesses, • proposal development and


mentoring for small


applying for SBIR awards; • and,


Candidates through each were businesses commercializing


technology developed through SBIR awards.


submitted of their state and Global Entrepreneur


Congratulations to the Palmers on opening their new establishment, Palm Gardens, in Norfolk last month featuring southern cuisine, catering and banquet facilities.


FROM PAGE 1


is unquestionably a high-tech business in what has been a stereotypically white/male dominated industry. Ms. Dessaso is an incredible role model, I am proud to know her and call her a friend."


Flake also said that in the last


18 months the Incubator and related companies have been:


*Winner Hottest Tech Startup in Washington D.C. – FreePing


*Winner Hottest Tech Startup in Baltimore – HIS Energy


*Winner Hottest Tech Startup in the Nation – HIS Energy


*Winner Semper Startup – Aesop Technologies


*Winner Get Started NOVA – Feedback Enterprises *Winner Babson College


/ Goldman Sachs 10,000 Small Businesses – Crossrope


*Recognized as one of the top 50 Accelerators in the Nation by Small Business Administration – Peninsula Technology Incubator


*Recognized by Technopolicy as one of the top two knowledge based Incubators in the World in the “New Category” Incubator.


– Peninsula Technology Congratulations to these BankOn Virginia Beach graduates! New classes begin next month.


Get a jump on your competition... Advertise.


Call the Hampton Roads Messenger at 757-575-1863


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territorial governors, as each governor may submit only one proposal. After evaluations were made by panels of SBIR program managers, the SBA, the Department of Defense, and the National Science Foundation jointly reviewed panel recommendations and made FAST awards based upon the merits of each proposal. Varying levels of matching funds were required, based upon the state and territory location of each economic development agency. The FAST award project and budget periods are for 12 months, beginning September 30, 2015.


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