The MS-FAST Program, led by Innovate Mississippi, aims to increase the number of SBIR and STTR proposals from small businesses in Mississippi leading to an increase in the number of SBIR/STTR awards. The program is supported in part by a grant from the U.S. Small Business Administration (SBA) via its FAST partnership program.
The USM Business & Innovation Assistant Center (USM/BIAC) provides technical support to the MS-FAST Program. To meet the goals of the program MS-FAST provides:
By including small businesses in the nation's R&D, high-tech innovation is stimulated and the nation gains entrepreneurial spirit as it meets its specific research and development needs. The SBIR and STTR programs award nearly $3 billion in contracts and grants annually to small businesses. These two programs target the entrepreneurial sector because that is where most innovation and innovators thrive. However, the risk and expense of conducting serious R&D efforts are often beyond the means of many small businesses. By reserving a specific percentage of federal R&D funds for small business, SBIR and STTR protect the small business and enable it to compete on the same level as larger businesses. This program funds the critical startup and development stages and it encourages the commercialization of the technology, product, or service, which, in turn, stimulates the U.S. economy.
For more information and to request assistance contact Joe Graben, Director USM/BIAC.
This MS-FAST page is currently undergoing redevelopment with additional information and resources to be added in the near future. Please check back for updates. In the meantime for more information and resources click here.
SBA's funding is not an endorsement of any products, opinions, or services. All SBA programs are extended to the public on a nondiscriminatory basis.