The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs provide over $2 billion in grants and contracts to small and start-up companies to develop new products and services based on advanced technologies.

The foundation of both programs is to fund small businesses in their R&D efforts leading to commercialization of products and services. Think about the SBIR & STTR programs as the R&D budget to develop products that fit within the strategic mission of the small business.

Innovation has become the ante.* It drives economic growth and it supports a high-skilled, high value-added state. The SBIR and STTR programs are just the tools needed to drive innovation through small businesses in the State of Minnesota.

SBIR/STTR

• Funds breakthrough innovations
• Funds high-tech, high-risk projects which requires capital
• First to market advantages
• Potential for sole source contracts
• Excellent marketing tool

* Michael Wright, The New Business Normal

Three Minnesota High-Tech Firms Honored with National Tibbetts Awards
~ Awards Recognize Economic Impact and Business Success of Innovations ~

ST. PAUL - Three Minnesota high-tech companies have been honored as recipients of national Tibbetts Awards for their success in bringing technological innovations to market.

Architecture Technology Corporation (ATC) of Eden Prairie, Minnesota Wire and Cable Company (MWCC) of St. Paul, and NVE Corporation of Eden Prairie received the awards during a recent ceremony in Washington, D.C.

The companies are among 55 recipients honored nationwide. They were selected from a pool of more than 4,000 companies that receive contracts and grants from the federal Small Business Innovation Research (SBIR) program.

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