The business sector is where most innovations occur, but investing in innovation can be risky and expensive. For that reason, the federal government designates funds to allow small businesses to be in a better position so they can become more competitive.
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are:
SBIR Road Tour
Colmena66 and other SBIR support organizations have committed to creating a local support system that provides free or low cost services to entrepreneurs and researchers who want to compete for funding. Through multiple alliances, a process was created in which entrepreneurs or researchers are educated and supported from the beginning.
On November 15, 2019, the SBIR Road Tour was held in Puerto Rico. The program directors of the federal agencies held individual meetings with small businesses, there were a wide variety of panels where technology topics were discussed and they shared ideas about how federal agencies make funding decisions.
Check out what happened!
Take a look at the impact!
Facts and figures since 1987:
Take a look at the impact!
The efforts of the Trust have already shown remarkable results. Since the third quarter of 2015, 16 additional awards have been given to researchers and entrepreneurs in Puerto Rico. This is equivalent to 51% of the funds generated during the previous 30 years of Puerto Rico’s participation in the SBIR / STTR programs and 35% of the total awards received on the Island.