Oregon to invest $400K in small business innovation

Business Oregon, the state of Oregon's economic development office, announced today that they will be sponsoring a one-time investment round totaling $400,000 to help Oregon small businesses and startup companies compete for Federal SBIR/STTR funds. Led by Sean Robbins, the state organization is seeking to provide funding to create more high-tech jobs across Oregon.

The Small Business Innovation Research (SBIR) program is a competitive program that offers over $2 billion in annual funding to domestic small businesses to engage in research and development (R&D) that has the potential for commercialization. The Small Business Technology Transfer (STTR) program is another Federal funding initiative that provides support for research and development through collaboration with university researchers.

For more information, please visit Business Oregon for application details and program specifics.

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