SBIR Advance funding applications open

The Wisconsin Economic Development Corp.’s (WEDC) Small Business Innovation Research (SBIR) Advance funding grants are now open for applications, according to a release from the Center for Technology Commercialization, an organization offering a matching grant of up to $100,000. This year is the 18th round of SBIR Advance grants dedicated by the WEDC and aimed at helping companies prepare solid commercialization plans. The SBIR Advance program has supported 122 awards since its launch in 2014. The deadline to apply for this round of funding is Oct. 25 at 9 a.m. To be eligible, companies must have an SBIR/STTR project in either Phase I or Phase II of funding and must have a significant presence in Wisconsin. Funds can be used for business and market development, customer validation, intellectual property work, or other areas needed to speed product commercialization.