SUNY Research Foundation Wins SBA FAST Award
The U.S. Small Business Administration (SBA) has awarded the Research Foundation for the State University of New York (SUNY) more than $90,000 as part of its Federal and State Technology (FAST) partnership program. Designed to stimulate the growth of technology-driven companies, FAST requires participating states such as New York to provide matching funds for awarded amounts.
According to SBA, FAST helps small, “socially and economically disadvantaged” firms to compete in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. SBIR supports technological innovation and scientific excellence. STTR promotes partnerships between small businesses and leading universities and non-profit research institutions.