Opportunity Information: Apply for FAST 2017 R 0011
The Federal and State Technology (FAST) Partnership Program is a Small Business Administration (SBA) grant opportunity designed to fund organizations or individuals that can provide hands-on assistance and guidance to small technology business concerns. In practical terms, the program is aimed at strengthening support systems that help technology-oriented small businesses navigate early-stage growth and commercialization challenges, especially those tied to research, innovation, and bringing new products or services to market.
This opportunity was issued as a discretionary grant under Funding Opportunity Number FAST 2017 R 0011, with the SBA listed as the sponsoring federal agency. The funding activity aligns with business and commerce as well as science, technology, and other research and development-related efforts, and it is associated with CFDA number 59.058. The emphasis in the description is not on funding the small businesses directly to build products, but on funding entities that can coach, mentor, and otherwise support those firms through structured assistance and guidance.
Eligibility is broadly defined. The announcement states that proposals are welcome from any public or private organization, entity, or individual, with the eligibility category labeled as "Others" and further clarification referenced in the full announcement text. That broad framing signals that a wide range of applicants could be considered, such as universities, nonprofit organizations, economic development entities, small business development organizations, or other qualified parties capable of delivering meaningful support services to technology-focused small businesses.
The funding details indicate a maximum award amount (award ceiling) of $125,000, with an expectation of 16 awards. The original posting timeline shows the opportunity was created on May 15, 2017, and had an original closing date of June 20, 2017. Taken together, these details suggest a competitive grant program with multiple awards intended to seed or sustain localized or regional support efforts rather than a single large national project.
At its core, the FAST Partnership Program is structured to expand capacity for advising and technical assistance for small technology firms. Applicants would generally be proposing a plan to deliver targeted guidance that helps these businesses move from idea and research stages toward viable commercialization, often by improving their readiness to compete for innovation-related funding, refining business strategies, strengthening technical commercialization plans, and connecting firms to broader resources and networks.Apply for FAST 2017 R 0011
- The Small Business Administration in the business and commerce, science and technology and other research and development sector is offering a public funding opportunity titled "Federal and State Technology (FAST) Partnership Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.058.
- This funding opportunity was created on May 15, 2017.
- Applicants must submit their applications by Jun 20, 2017. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $125,000.00 in funding.
- The number of recipients for this funding is limited to 16 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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FAST Partnership Program (SBA) Grant FAQs
What is the FAST Partnership Program?
The Federal and State Technology (FAST) Partnership Program is a Small Business Administration (SBA) grant opportunity that funds organizations or individuals who can provide hands-on assistance and guidance to small technology business concerns.
What is the main goal of this grant opportunity?
The program is meant to strengthen support systems that help technology-oriented small businesses navigate early-stage growth and commercialization challenges. The emphasis is on structured assistance and guidance that helps businesses move from research and idea stages toward commercialization.
Does this grant fund small businesses directly to build products?
Based on the description provided, the emphasis is not on directly funding small businesses to build products. Instead, the grant funds entities that can coach, mentor, and support small technology firms through organized assistance and guidance.
Who is the sponsoring federal agency?
The sponsoring federal agency listed for this opportunity is the Small Business Administration (SBA).
What is the Funding Opportunity Number for this program?
The Funding Opportunity Number (FON) is FAST 2017 R 0011.
What is the CFDA number associated with this opportunity?
The opportunity is associated with CFDA number 59.058.
What types of activities or focus areas does the funding align with?
The funding activity aligns with business and commerce as well as science, technology, and other research and development-related efforts.
Who can apply for the FAST Partnership Program grant?
Eligibility is broadly defined. The announcement states that proposals are welcome from any public or private organization, entity, or individual. The eligibility category is labeled as "Others," with additional clarification referenced in the full announcement text.
What kinds of applicants might be considered under the broad eligibility description?
Based on the broad framing, applicants could include entities such as universities, nonprofit organizations, economic development entities, small business development organizations, or other qualified parties that can deliver meaningful support services to technology-focused small businesses.
What is the maximum award amount?
The maximum award amount (award ceiling) listed is $125,000.
How many awards are expected?
The funding details indicate an expectation of 16 awards.
When was this opportunity originally posted?
The opportunity was created on May 15, 2017.
What was the original closing date?
The original closing date listed for the opportunity was June 20, 2017.
What does it suggest that there are multiple expected awards?
With an expectation of 16 awards and a $125,000 ceiling per award, the details suggest a competitive grant program designed to seed or sustain localized or regional support efforts rather than fund one single large national project.
What kinds of support are FAST-funded applicants generally expected to provide?
Applicants would generally propose a plan to deliver targeted guidance and technical assistance that helps small technology firms progress toward viable commercialization. This can include improving readiness to compete for innovation-related funding, refining business strategies, strengthening technical commercialization plans, and connecting firms to broader resources and networks.
What types of small businesses are the intended beneficiaries of the support services?
The intended beneficiaries are small technology business concerns, particularly those facing early-stage growth and commercialization challenges connected to research, innovation, and bringing new products or services to market.
Is this grant described as discretionary?
Yes. The opportunity was issued as a discretionary grant.
What is the core purpose of the FAST Partnership Program as described?
At its core, the program is structured to expand capacity for advising and technical assistance for small technology firms, with the goal of improving their ability to move from research and early development into commercialization.
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