$674,000 in state matching grants advance 8 high-tech
Eight innovative small businesses in Wisconsin will receive matching grants to commercialize their innovations, thanks to the SBIR Advance program’s latest round of funding. Four businesses, selected for Phase I, will receive up to $49,000 to $75,000 each, and four Phase II businesses will receive up to $100,000.
The state matching grant program provides assistance to companies in the process of completing a project in the . This is the 14th round of SBIR Advance funding since this collaboration by the and the began in 2014.
Since 2014,96 awards have been given, equaling nearly $7.4 million, to 18 communities throughout the state. Those businesses reported hiring more than 180 employees and obtaining over $29.5 million in additional capital since receiving the grants.
Read about the awardees here.