The Colorado Small Company Advancement Center (SBDC), a department of the Colorado Workplace of Economic Development & & International Trade received a $125,000 grant in support of its technology program.The SBDC Technology Program(SBDC TechSource)offers custom-made fit professional consulting and applicable programs to innovation businesses and advanced market endeavors throughout the state. The program assists ventures to tap into all types of financing sources, the SBDC TechSource differs from other incubators/accelerators in its focus on non-dilutive capital sources. Specialized support is offered federal Small company Innovative/TechTransfer Research study grants(SBIR/STTR ), State of Colorado Advanced Industry grants, federal R&D Tax Credits, the technology commercialization process, company advancement and development strategies.A significant goal of this grant is to discover and assist technology business(and nascent business owners )in rural and underserved neighborhoods in Colorado. “We are thrilled by the extra support we will have the ability to offer with this grant to innovative Colorado businesses in developing or integrating technology,”stated Kelly Manning, Colorado SBDC Director.” Colorado is an innovation wellspring and we look forward to seeing what bubbles up because of this grant.” The grant, administered by the National Small Service Association(SBA), supplied funds to 24 recipients to support small organisation development and R&D commercialization.Each of the 24 awards are for$125,000 under the Federal and State Innovation (QUICK) Partnership Program. Receivers include state and regional economic development entities, Small company Innovation Advancement Centers, Women’s Service Centers, incubators, accelerators, colleges, and universities that offer assistance to small companies developing and advertising high risk technologies. Just one organization is chosen in each of the granted states.The FAST award project and budget plan periods are for 12 months, beginning September 30, 2018. About the Colorado Office of Economic Development & International Trade The Colorado Workplace of Economic Advancement and International Trade(OEDIT) deals with partners to produce a favorable business environment that encourages vibrant financial advancement and sustainable job growth. Under the management of Governor John Hickenlooper, we strive to advance the State’s economy through & monetary and technical assistance that cultivates regional and regional financial advancement activities throughout Colorado. OEDIT uses a host of programs and services tailored to support organisation development at every level consisting of company retention services, service relocation services, and company funding and rewards. Our workplace includes the Global Business Development division; Colorado Tourist Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Organisation Funding & Incentives division; the Colorado Small Company Development Network; Colorado Office of Film, TV & Media; the Minority Company Office; and the Colorado Innovation Network. Discover more at.About the U.S. Small Service Administration The U.S. Small company Administration makes the American dream of company ownership a truth. As the only go-to resource and voice for small companies backed by the strength of the federal government, the SBA empowers business owners and small company owners with the resources and assistance they need to begin, grow or expand their services, or recover from a declared catastrophe. It provides services through a comprehensive network of SBA field workplaces
and partnerships with public and private organizations. To get more information, visit.The post Colorado Small company Advancement Center Gets$125,000 Grant for its TechSource Program appeared initially on Colorado Office of Economic Development & International Trade.