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Wisconsin ranks third in winning health, life science business grants

in Biz Briefs

MADISON – Wisconsin’s early-stage health and life science firms and the Center for Technology Commercialization received national attention for the state’s success over the past decade in landing competitive federal grants.

Wisconsin ranked third after Oregon and Vermont in securing Small Business Innovation Research, or SBIR, and Small Business Technology Transfer, or STTR, funding from the National Institutes of Health from 2008-2017. The 23 percent win rate for applications (248 awards from 1,056 submissions) resulted in $87 million invested in the state’s entrepreneurial efforts.

The State Science & Technology Institute, a national nonprofit organization, reported the newly available data and cited CTC’s support in boosting clients through its training programs.

“We are fortunate to work with talented inventors and innovators from all over the state who are making a difference in their fields, from biotech to manufacturing to agriculture,” said CTC Associate Director Dave Linz in a Wisconsin Economic Development Corp. news release. “The high success rate is evidence that CTC’s portfolio of programming helps clients access the business skills and resources important for funding across all 11 agencies with SBIR/STTR funding.”

The next round of SBIR Advance funding will open in August.  To learn more, go to wisconsinctc.org/sbir-advance.

 

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