Entrepreneurs with emerging technologies and innovative approaches are awarded $2.3 billion (with a “B”) in federal grant funding every year. How do Wisconsin companies successfully compete for that valuable funding? With an assist from the Center for Technology Commercialization (CTC).
Money and mentorship, a winning combination
CTC’s consultants know the ins and outs of winning grant proposals — particularly, Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) proposals. Our clients’ track record is much better than the national average, a result of CTC’s well-honed suite of programs and resources. And CTC’s bimonthly newsletter keeps everyone on task with pertinent tips, learning opportunities and application deadlines.
Ideadvance Seed Fund
Innovators need strong networks and business acumen to turn their bright ideas into products and services. Ideadvance, available to UW System students, faculty and alumni, offers seasoned mentors, startup funding and a like-minded cohort. Teams evaluate risks, refine opportunities and discover paths to commercialization. Since 2014, the program has awarded more than $2 million to more than 80 teams and led to almost $5 million in additional funding for businesses in Wisconsin.
It takes money to make money. CTC microgrants offer a boost to entrepreneurs starting or expanding a tech-based or research-oriented business. Or simply companies in Wisconsin that rely on tech. Ag? Dairy research? IT? Healthcare? We’ve got a grant for that. We work with the Wisconsin Economic Development Corporation with two types of funding.
Supporting innovation is our business
The CTC supports small business innovators, visionaries and entrepreneurs from many Wisconsin industries and regions. We also link arms with local economic development corporations, lenders and investor networks. University of Wisconsin System and the Wisconsin Economic Development Corporation. This collaboration allows us to provide access to specialized resources and aid for clients to craft personalized plans to develop their high tech small businesses.