Get Your Business Funded by Steven D. Strauss

Author:Steven D. Strauss
Language: eng
Format: epub
Publisher: Wiley
Published: 2011-05-12T00:00:00+00:00

Again, it is best to think of these sorts of opportunities as federal contracts rather than grants. If you do that, then the answer is that yes there are literally billions of dollars available for small businesses in the way of government contracts.

Training grants. There is also some grant money available to help companies train employees to develop work skills. Start with the US Department of Labor's Business Relations Group website—www.doleta.gov/business.

In addition, state economic-development agencies also offer some training assistance, grants, and tax credits. For example, “The Illinois Employer Training Investment Program (ETIP) supports Illinois workers' efforts to upgrade their skills in order to remain current in new technologies and business practices, enabling companies to remain competitive, expand into new markets and introduce more efficient technologies into their operations. ETIP grants may reimburse Illinois companies for up to 50 percent of the cost of training their employees.” (www.commerce.state.il.us.)

In addition, your local community college or public university may offer subsidized training programs and can help you with grant applications.

Technology grants. When it comes to getting one of these big-time, real grants, maybe the best place to tap into the federal R&D money pipeline is the government's Small Business Innovation Research (SBIR) and its Small Business Technology Transfer (STTR) programs. The SBIR/STTR does in fact offer grants to technology companies that undertake scientific R&D projects that have a high likelihood of having commercial applications. When you are looking for a federal grant, this is your best bet.

“BIRMINGHAM, Ala. (BUSINESS WIRE) Agenta Biotechnologies, Inc., a private biotechnology company, announced that it has received a $1.1 million grant from the National Institutes of Health and National Institute of Dental and Craniofacial Research (NIH/NIDCR) for the further development of a biologically activated membrane to improve soft tissue healing associated with oral surgery. This grant is funded by the Small Business Innovative Research (SBIR) program.”

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