WASHINGTON, D.C. – The Wisconsin Center for Technology Commercialization (CTC) has received a prestigious award from the U.S. Small Business Administration (SBA) for achieving significant economic impact in advancing small technology businesses.
For the past 39 years, Tibbetts Awards have been given to organizations, companies and people for driving innovation and creating jobs through the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
“The Tibbetts Award is like the Emmys for our sector,” said CTC consultant Idella Yamben. “We appreciate the recognition of our excellence and dedication to improving awareness, access and competitiveness for the $3.5 billion SBIR program.”
“The Center for Technology Commercialization receives tremendous support from the state of Wisconsin through the UW System and the Wisconsin Economic Development Corporation (WEDC),” said Mark Lange, executive director of the Institute for Business & Entrepreneurship, CTC’s home. “The Tibbetts Award is a terrific affirmation of that support while highlighting the amazing contributions of the CTC team and the flourishing innovation ecosystem in Wisconsin.”
A beneficiary of this robust ecosystem is another Tibbetts award winner and CTC client, COnovate, formerly SafeLi, a UW-Milwaukee tech startup.
Tibbetts Awards are presented to those who exemplify the spirit and intent of the SBIR/STTR programs:
- Stimulate technological innovation.
- Work with small business to meet federal research and development needs.
- Encourage diverse participation in innovation and entrepreneurship.
- Increase private sector commercialization of innovations derived from federal R&D.
- Foster technology transfer through cooperative R&D between small businesses and research institutions.
The CTC’s submission highlighted three focus areas that drive SBIR outcomes in Wisconsin:
- Emphasis on programs to help clients manage competitive submissions;
- Emphasis on Lean Startup curriculum to develop strategic business thinking and access to continued funding; and
- An inclusive outreach strategy to broaden awareness and participation in the SBIR program.
The submission also highlighted this diverse team of scientists and business leaders who have a combined 20 years of teaching and mentorship training.
“CTC’s dedication to helping innovators navigate a complex and highly competitive federal program is a tremendous asset for Wisconsin,” said Aaron Hagar, WEDC’s Vice President of Entrepreneurship and Innovation. “This award is of no surprise to those of us who work with the CTC team, and I am excited to see their recognition as a national model for supporting small business success.”
About the Center for Technology Commercialization
The Center for Technology Commercialization is a program unit within the University of Wisconsin System’s Institute for Business & Entrepreneurship. CTC provides one-on-one expert consulting to early-stage emerging technology businesses throughout Wisconsin and supports clients to win federal non-dilutive funding. CTC has collaborated in acquiring more than $270 million in federal and other funding for clients. www.wisconsinctc.org
About the Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. www.sba.gov
About the Tibbetts Awards
Tibbetts Awards have been given since 1982 to organizations, companies and individuals in honor of the late Roland Tibbetts, who was instrumental in developing the SBIR/STTR programs through a career-long dedication to small business entrepreneurship, applied research and technological breakthroughs. www.tibbettsawards.com