TechConnect West Virginia Receives $125K Grant

TechConnect West Virginia has been awarded a third Federal and State Technology Partnership Program (FAST) grant from the US Small Business Administration. This $125, 000 grant will help West Virginia R&D-focused small businesses apply for and win federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. The first award was received in 2019, showing rapid success over the past few years.

TechConnect’s FAST grant, called Bridging the Ecosystem in Science & Technology in West Virginia Program (BEST in WV), is raising awareness of the benefits of applying for the SBIR/STTR programs while offering additional financial and technical assistance to help companies and researchers do so. They intend to use hands-on education for entre[reneurs and small business owners on this application process and utilize online bootcamps to highlight best practices. 

The multi-billion-dollar SBIR and STTR programs were developed to help small businesses engage in R&D with strong potential for technology commercialization. They are highly competitive as they help to offset the costs associated with R&D and ensure businesses have the financial resources to achieve their goals.

Are you developing new software for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at or contact your usual Swanson Reed representative.

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