Innovation Funding

Innovation Funding & FAST Program

Access $100,000 to $1 million in federal funding through SBIR and STTR programs. We help Wyoming entrepreneurs research, develop, and commercialize innovative ideas.

$6.5M
SBIR/STTR Awards
Secured by clients in 2023
10
Contracts Won
SBIR/STTR grants awarded
$2.5B
Available Annually
Federal funding opportunities

What are SBIR & STTR Programs?

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are highly competitive federal funding opportunities that support research and development with commercialization potential.

Each year, the federal government makes $2.5 billion available to help entrepreneurs turn innovative ideas into marketable products and services. These are grants, not loans — you don't have to pay them back or give up equity in your company.

The Wyoming SBDC Network provides free, confidential assistance throughout the entire process, from determining eligibility to submitting proposals and commercializing your innovation.

Participating Federal Agencies

Department of Defense (DoD)
National Institutes of Health (NIH)
Department of Energy (DOE)
National Science Foundation (NSF)
Department of Agriculture (USDA)
National Aeronautics and Space Administration (NASA)
Department of Commerce (DOC)
Department of Education (ED)
Environmental Protection Agency (EPA)
Department of Transportation (DOT)
Department of Homeland Security (DHS)

Program Benefits

Comprehensive support to help you secure and succeed with SBIR/STTR funding

Non-Dilutive Funding

SBIR and STTR awards are grants, not equity investments. You retain full ownership of your company while receiving federal funding to develop your innovation.

Technical Assistance

Get expert guidance throughout the entire application process. Our advisors help with proposal writing, budget development, and compliance requirements.

Market Research

Access comprehensive market research services to strengthen your proposal. Understand your target market, competition, and commercialization opportunities.

Proposal Development

Apply for up to $5,000 in assistance for Phase I proposals and another $5,000 for Phase II. Get professional help crafting competitive applications.

State Matching Funds

Wyoming offers potential state matching funds to supplement your federal SBIR/STTR awards, providing additional resources for your research and development.

Commercialization Support

Receive ongoing business advising to help transition from research to market. We assist with investor pitches, business planning, and growth strategies.

Your Path to Innovation Funding

Follow these five steps to secure SBIR/STTR funding for your innovation.

"The Wyoming SBDC's support was instrumental in helping us secure our SBIR Phase I and Phase II awards. Their expertise in proposal development and commercialization strategy was invaluable."

– Wyoming SBIR/STTR Recipient

Take the First Step

Ready to explore SBIR/STTR funding? Connect with your local advisor today.

Beyond Innovation Funding

We offer comprehensive business support services to help you succeed at every stage.