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Phillip Singerman: NIST Tech Commercialization Program Targets Small Firms

1 min read

biotechThe National Institute of Standards and Technology is searching for a partner to help the agency carry out a program that offers funds to small businesses for research into measurement science, standards and technology.

NIST said Friday that nonprofit organizations, accredited institutions of higher education, state or local governments or commercial organizations within the United States are eligible to compete for a cooperative agreement under the Technology Commercialization Assistance Program.

An award under that program would support participants in NIST’s Small Business Innovation Research program, the agency said.

“Commercialization is the main intent of the SBIR program,” said Phillip Singerman, NIST’s associate director for innovation and industry services.

“This award will provide vital support to small companies seeking to launch new products that contribute to the growth of the U.S. economy.”

NIST expects to grant approximately $60,000 per year over five years starting in fiscal year 2015 and that allocation is subject to funding availability, the agency said.

The TCAP recipient will work with SBIR awardees to make technical decisions, address technical problems and technical risks, as well as to develop and commercialize new commercial products and processes.

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