The Patrick-Murray Administration, along with Massachusetts Technology Development Corp. (MTDC), announced today the launch of the START program to help fuel the Massachusetts innovation economy. START is a $6 million initiative that will help growing companies commercialize technologies developed under the Small Business Innovation Research (SBIR) contracts. The START program will not only provide financial support but also coaching, business planning and introductions to potential investors, thereby driving job growth within the Commonwealth.
Massachusetts has long been a national leader in SBIR grants and dollars received; ranked second in the nation in dollars received, first in dollars received per capita and more than $3 billion in commercial sales of SBIR technologies generated to date. The new START program, one of the first of its kind in the nation, is aimed at helping fund the transition of technologies developed under SBIR Phase II awards into commercial products and services. The SBIR program funds feasibility studies in Phase I, technology development in Phase II and leaves commercialization to the private sector.
To read the full, original article click on this link: Massachusetts Technology Development Corporation Launches New SBIR Targeted Technologies "START" Program to Help Fuel Innovation Economy - MTDC.com
