Preparing Your Small Business to Receive Grant Money

Every year, the federal government provides $2.5 billion in funding to help innovators bring their ideas to market. Last year alone, the Wyoming Small Business Development (SBDC) Network helped entrepreneurs secure more than $2.5 million in grants and contracts through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Applying for an SBIR/STTR award is the first step in the process, but preparing for the next stage ahead of time can be just as crucial.

After you’ve been notified that your proposal is being considered for funding, but before you actually get the money, there is a lot of information that will be requested—and time is of the essence.

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