FAST is designed to stimulate economic development with outreach and technical assistance to science and technology-driven small businesses, with a particular emphasis on fostering participation from women-owned and socially and economically disadvantaged firms, helping them to compete in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs.
"SBA is looking forward to working with these organizations to increase the understanding of the SBIR/STTR programs," Administrator Linda McMahon said. "FAST partners fill an important role on the state level, providing training, financial and technical assistance for small, advanced technology businesses, by helping them navigate federally-funded innovation and R&D programs."
The following recipients of the FY 2017 FAST awards are:
| Regular FAST State Organizations up to $125K |
| Connecticut (Connecticut Innovations, Inc.) |
| Illinois (Women's Business Development Center) |
| Iowa (Iowa Innovation Corporation, IICorp) |
| Kansas (Wichita State University) |
| Kentucky (Kentucky Science and Technology Corporation) |
| Louisiana (LA Business & Technology Center) |
| Minnesota (Minnesota High Tech Association) |
| Montana (Montana Department of Commerce, MT Technology Innovation Partnership) |
| New Mexico (Arrowhead Center, New Mexico State University) |
| North Dakota (University of North Dakota Center for Innovation) |
| Ohio (Ohio Aerospace Institute) |
| Oklahoma (Board of Regents of the University of Oklahoma Office of Research Services) |
| Oregon (Oregon Built Environment & Sustainable Technologies Center, Inc) |
| Pennsylvania (Ben Franklin Technology Partners Corporation) |
| Tennessee (Launch Tennessee) |
| Wisconsin (Board of Regents of University of Wisconsin System, UWEX) |
| SBTDCs up to $200K |
| Arkansas (Arkansas Small Business and Technology Development Center) |
| Delaware (University of Delaware, DSBDC) |
| Idaho (Boise State University, Idaho Small Business Development Center) |
| Nebraska (Nebraska Business Development Center NBDC) |
| Wyoming (The University of Wyoming, Wyoming SBDC Network) |
FAST funding awardees must demonstrate how they will help support areas such as:
- small business research and development assistance,
- technology transfer from universities to small businesses,
- technological diffusion of innovation benefiting small businesses,
- proposal development and mentoring for small businesses applying for SBIR grants; and,
- commercializing technology developed through SBIR grants.
