America’s Seed Fund
For startups, financing can be challenging, and often the biggest barrier. Each month we’re focusing on a different financing option in Minnesota for startups and featuring experts in the field.
From innovation, entrepreneurship and commercialization, America’s Seed Fund has helped startups and small businesses transform their ideas into marketable products and services. America’s Seed Fund focuses on high-risk, high-impact technologies — those that show promise but whose success hasn’t yet been validated — and each year, nearly $2.5 billion in non-dilutive funding are available from the congressionally mandated programs – Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR). These programs support commercialization of technically risky ideas with research interests and budgets varying among the 11 federal participating agencies.
MN-SBIR, a program of the Minnesota High Tech Association, is the State’s focal point to assist seed, early stage, emerging and existing firms (1-500 employees) to successfully access funding through the SBIR/STTR programs. MN-SBIR’s goals are to foster innovation and help create businesses and jobs in Minnesota. MN-SBIR assists companies with proprietary technology, which refers to technical innovations that are unique and legally owned or licensed by a business, including innovations that are patented, patent pending, a subject of trade secrets, or copyrighted across the spectrum of science, technology and engineering, and multiple industrial sectors.
MN-SBIR provides outreach, education and coaching to companies to research, develop and commercialize world class technologies for social and economic benefit. MN-SBIR is funded in part through a Cooperative Agreement with the U.S. Small Business Administration, Minnesota Department of Employment and Economic Development, University of Minnesota, Office for Technology Commercialization and the Minnesota High Tech Association. To learn more click here: Minnesota High Tech Association.
Ms. Pat Dillon is the director of MN-SBIR. She is responsible for the strategic direction and leadership and its services to seed, startup and small businesses in Minnesota. Dillon has consulted with hundreds of businesses to support technology innovation and commercialization in science and technology sectors important to state and national economies.