MN Tech Start-Ups Got $27M in Fed R&D Grants in 2010
In 2010, federal agencies gave more than $27.2 million to Minnesota businesses through two grant programs, the Minnesota Science and Technology Authority recently announced.
The U.S. Small Business Administration (SBA) Office of Technology administers the two programs through which small high-tech companies receive grants to help strengthen research and development efforts.
The two programs-Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)-involve 16 federal departments that issue grants to competing businesses.
Becky Aistrup, SBIR and STTR program director for the state's Science and Technology Authority, cautions that the 2010 data may be updated, because the SBA is sometimes three to six months behind in collecting data from some agencies.
Based on the most up-to-date information available, a total of 81 awards were given to Minnesota firms in 2010, totaling $27.2 million. In 2009, there were 84 awards that together totaled $29.5 million.
The U.S. Department of Health and Human Services doled out 33 awards in 2010, the most of any agency to Minnesota firms. The U.S. Department of Defense followed, with 25 awards.In 2009, the Defense Department issued 32 awards, while the Health and Human Services Department gave out 19.
Maple Grove-based Advanced Medical Electronics Corporation got seven awards in 2010-the most of any single company-that together totaled more than $4 million.
St. Paul-based Twin Star Medical received the largest single award of $2.9 million to help fund the treatment of cerebral edema using ventricular therapy.
Visit this page on the SBA's Web site to search the awards granted through the program. The information can be sorted based on the state in which the award was given, when it occurred, and from which agency it was distributed.
The Minnesota Science and Technology Authority was formed in July to stimulate innovation and encourage investment in new technology products, companies, industries, and jobs within the state. It helps the state's small businesses access SBIR and STTR funds.