The Maryland Technology Development Corporation (TEDCO) was awarded a grant of up to $125,000 Tuesday by the U.S. Small Business Administration under its Federal and State Technology (FAST) Partnership Program.
The program’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and increase participation for women-owned, rural-based, and socially and economically disadvantaged firms.
FAST provides specialized training, outreach, mentoring, and technical assistance for R&D focused small businesses. The program provides one-year funding to organizations to execute state/regional programs that support potential SBIR applicants and awardees.
The FAST award project and budget periods are for a base period of 12 months, beginning Sept. 30.