We are excited to announce that InteliSpark has recently become approved SBIR/STTR service provider for Wisconsin’s Center for Technology Commercialization (CTC). The Center for Technology commercialization is a resource for SBIR/STTR funding assistance for small businesses in the state of Wisconsin.
CTC provides the support and guidance necessary for small businesses to bring their innovations to the market. They manage a series of micro-grants on behalf of the Wisconsin Economic Development Corporation. The micro-grants can fund up to $4,500 per micro grant and up to $9,000 per small business. Eligible Projects include the development of an SBIR/STTR Phase I or Phase II proposal or other federal funding proposal, the development of an SBIR/STTR Phase II Commercialization Plan or a comprehensive business plan and the procurement of a CTC-approved market research study in support of a commercialization or business plan. Businesses eligible to apply for funding assistance must be starting or expanding a technology-based or research oriented business or a firm located in Wisconsin that relies on the use of technology.
Procedural requirements include contacting the Center for Technology Commercialization (CTC) for intake and an assessment including the creation of a Business Model Canvas with a formal request for a meeting and submitting an online application either for an SBIR/STTR Assistance micro-grant or a Business/Commercialization micro-grant.