NEW MEXICO – The New Mexico Federal and State Technology Partnership (NM FAST) program, based at New Mexico State University’s (NMSU) Arrowhead Center, will host its sixth annual Small Business Innovation Research and Small Business Technology Transfer Summit.
According to information from the university, the event will be held Dec. 14, bringing together small businesses, federal program managers, defense representatives, experts and support organizations dedicated to driving innovation through SBIR/STTR programs.
Although based in New Mexico, the summit will be valuable to companies nationwide, as topics will cover information at the federal level.
The SBIR/STTR programs, administered by the U.S. Small Business Administration, promote technology innovation and commercialization by providing non-dilutive funding to small businesses focused on research and development. Eleven federal agencies participate in the SBIR/STTR programs and collectively provide about $4 billion in federal funding to small businesses each year.
NM FAST serves the entire state of New Mexico with SBIR/STTR proposal development programming and assistance, working to increase participation in the programs by underserved, innovative and technology-driven small businesses.
This year’s summit will expand on the success of last year’s event, which was held virtually and was attended by more than 340 attendees from 38 states and four countries.
“We are excited to once again offer summit attendees access to SBIR/STTR experts through panels and one-on-one sessions this year in support of innovation in economic development,” said NMSU Chancellor Dan Arvizu.
The Innovation Summit will feature intriguing sessions with panels led by industry experts and federal officials. Participants will have the unique opportunity to meet face-to-face with experts and key decision-makers about their innovative ideas.
Attendees will hear from experts during panels that will break down the SBIR/STTR process for first-time applicants, discuss innovation as a business practice, and illustrate the importance of forming teams and partnerships.
John Williams, Director of Innovation and Technology for the SBA’s Office of Investment and Innovation, will deliver the keynote address at this year’s summit.
The Summit is intended for anyone interested in learning about funding through the SBIR/STTR programs and how to advance their technology or innovation toward commercialization.
“We are delighted to offer attendees access to SBIR/STTR experts through panels and one-on-one sessions,” said Dana Catron, deputy director and SBIR program director at the Arrowhead Center.
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