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America’s Largest Seed Fund In Albuquerque Aug. 14

on July 29, 2019 - 6:33am
By JUSTIN CROSSIE,
Regional Administrator, Region VI
 
The nation’s booming economy is buoyed by small business innovators who are looking to turn a big idea into an American success story. 
 
The U.S. Small Business Administration’s National SBIR Road Tour is coming to Albuquerque Aug. 14 as part of a 16-stop tour to connect entrepreneurs working on advanced technology to 11 federal agencies, including the National Science Foundation, Department of Energy, Department of Defense and the National Institutes of Health.
 
Also known as America’s Seed Fund, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs focus on next generation research & development (R&D) and is led by the SBA.
 
Each year, these agencies award more than $3 billion in seed funds to over 5,000 high-tech research and development firms.Elizabeth Valenti, president of WorldWinds, Inc. is a recipient of one of these awards.
 
Armed with an engineering background, Valenti received funding to develop technology that has equipped NASA and FEMA with high quality remotely sensed weather data to help commercial aircraft better navigate during inclement weather.
 
When Hurricane Irma hit Puerto Rico, WorldWinds technology helped a commercial aircraft navigate in category 5 hurricane winds, carrying 173 passengers to safety. 
 
Valenti said she owes a large part of her small business success to SBIR funding. 
 
The stop in Albuquerque will be hosted by Arrowhead Center, NM FAST at the Albuquerque Convention Center at 401 2nd St NW, Albuquerque, NM 87102. 
 
Program managers from the participating federal agencies will conduct one-on-one meetings with entrepreneurs, take part in targeted panels, discuss technology areas, and share insights into how the agencies make funding decisions.
 
Funding takes the form of contracts or grants and the awardee projects must have the potential for commercialization while meeting specific government R&D requirements.
 
For more information on the SBIR Road Tour, including a schedule of stops and participating agencies visit: www.sbirroadtour.com.  
 
It’s time to take your idea to the next level to help build a strong national economy, increase global competitiveness and contribute to the creation of good paying jobs.
 
Find out more information on the SBA’s programs and services by visiting www.sba.gov, or contact the SBA New Mexico District Office led by Director John Garcia at 505.248.8225. Follow us on Twitter @SBA_NewMexico or @SBASouthCentral.
 
(Justin Crossie is the regional administrator of the U.S. Small Business Administration’s South Central Region, serving, Louisiana, Arkansas, Texas, Oklahoma and New Mexico.)

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