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Summit brings $3B in funding to business owners

This June, one summit brings cash and connections to business innovators in an effort to create business successes.

sbir/sttr summit

sbir/sttr summit

Businesses face steep challenges

Today’s business marketplace is competitive, and it can be challenging to stay on top of what customers want and maintaining enough business to stay in the black. In their search, many businesses are confident that they have what it takes to win big accounts, only to lose out to a competitor in the end. What if you could attend a conference that put you in front of 11 agencies with $3 billion dollars to spend, each of which will provide details on what they’re looking for in a contractor?

The Small Business Innovation Research/Small Business Technology Transfer Summit & Conference taking place in Austin on June 12 is an event designed specifically to get small businesses in front of agencies looking to utilize their services. The $3 billion in funding will come from 11 different Federal agencies, including the Department of Defense, Department of Energy and the National Science Foundation.

The event will also have buyers from federal prime contractors such as Lockheed Martin, Boeing and L3 Communications. With such a deep bench of major players in attendance, small businesses and nonprofits can have conversations with these agencies and companies, find out key requirements needed to win contracts and take the steps necessary to strengthen their bids.

Helping small businesses become more competitive

The event is sponsored by the Texas Foundation for Innovative Communities and co-sponsored by the Texas State Small Business Development Center, and the SBIR and STTR programs help small businesses become more competitive by providing support for the commercialization of federal R&D efforts. If your business regularly makes efforts to become more innovative, you are likely eligible to receive tax credits and other benefits provided by the government.

The event serves as a one-stop shop for entrepreneurs seeking funding for innovation research and networking opportunities with buyers from federal agencies and prime contractors, providing advice on networking, investing and grant funding and proposals. This is a huge opportunity for you to listen in on what agencies are looking for and then promote how your business can meet those needs.

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Destiny Bennett is a journalist who has earned double communications' degrees in Journalism and Public Relations, as well as a certification in Business from The University of Texas at Austin. She has written stories for AustinWoman Magazine as well as various University of Texas publications and enjoys the art of telling a story. Her interests include finance, technology, social media...and watching HGTV religiously.

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