Advanced Tech Companies
The Michigan Small Business Development Center offers commercialization services to technology companies across the state. This is an initiative funded by the Michigan Economic Development Corporation that enables entrepreneurs to bridge the gap between technology development and commercialization.
An SBDC Tech client is a business in which research and development brings forth an innovative product or process. The innovation typically involves intellectual property that contributes to a strong competitive advantage in the marketplace, and serves as a foundation for a high rate of growth.
Michigan Small Business Development Center Tech Team is a state funded initiative that enables entrepreneurs to bridge the gap between technology development and commercialization. Our statewide team consists of nine consultants with proven track records of technology commercialization.
We focus our efforts in three key areas:
- Access to capital
- Access to resources
- Strategic planning and execution
The Tech Team served over 300 clients in 2013 that attribute SBDC consulting to playing an important role in the $44,500,247 capital they raised, and the 123 new jobs they created.
Business Accelerator Fund
The Business Accelerator Fund may be accessed by participating business accelerators statewide to provide specialized business acceleration services to companies commercializing advanced technology. The services are provided by specialists that are recruited based on the company needs and help companies achieve important milestones such as raising capital or securing a first customer.
Emerging Technologies Fund
Managed by the Michigan SBDC, the Michigan ETF provides commercialization funding to match federal Small Business Innovation Research and Small Business Technology Transfer awards for technology-based Michigan companies. The Michigan ETF matches 25 percent of phase I awards up to $25,000, and 25 percent of phase II awards up to $125,000. The ETF awards are grants and award dollars must be used to help bring Michigan projects to commercialization.
We strive to enhance small business innovation research (SBIR) and small business technology transfer (STTR) support services across the state. The Tech Team has one member dedicated to assisting clients with federal grant proposals. A second Tech Team member, who serves as a SBIR/STTR reviewer for the National Science Foundation, is also available to assist with SBIR/STTR proposal reviews.
Many other services are available to companies seeking SBIR/STTR support (PDF).
Is your company eligible to apply for SBIR/STTR? It may be if:
- It employs fewer than 500 people.
- It is 51% owned by individuals who are US citizens or permanent residents
- It is independently operated; no minority shareholders have control
- It has company controlled research facilities
- The Principal Investigator is >50% employed by the company
Learn more about the SBIR/STTR programs below.
BBC Entrepreneurial Training and Consulting (www.bbcetc.com). Based in Ann Arbor, MI, BBC is nationally recognized for its expertise in the SBIR/STTR Program. Clients requesting assistance with SBIR/STTR proposals range from individual entrepreneurs and start-up companies submitting their first proposal, to companies seeking to increase the number of proposals awarded, to economic development organizations and universities seeking broad-based grant assistance. Since 2002, BBC’s Michigan clients have been awarded over $100 million in federal grant funding.
SBA Office of Technology http://archive.sba.gov/aboutsba/sbaprograms/sbir/index.html
SBIR Gateway http://www.zyn.com/sbir/scomp.htm
The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs. The Small Business Technology Transfer Program (STTR) provides federal grants to encourage partnerships between businesses with ideas for new technologies and products and the nonprofit research-and-development institutions that can bring those products to market. Click here to learn more about the SBIR/STTR program (PDF).
For more information, visit http://www.sbir.gov/about/about-sbir.