Products we use every day (telephone, lightbulb, elevator, PC) were once just an idea until an entrepreneur turned them into reality. In fact, new technologies are small business specialties. They are also a great way to grow your business.
The SBDC's technology commercialization services can equip you with the skills you need to develop a corporate strategy and help bring new technologies to market.
SBDC technology consultants assist technology firms with business management issues specific to their needs including:
The SBDCs also offer assistance to struggling US Department of Defense contractors affected by base closure and reduction, helping them to locate markets.
If you are ready to transform your idea into a commercially-viable product, consider tapping into the SBDC's Engineering Development Services, hosted by Bucknell University's College of Engineering.
Entrepreneurs who have an existing technology product that they are looking to commercialize can receive assistance at any of the SBDCs in the 18-center network.
Consultants at your local SBDC can assist you with financing proposals, marketing, advertising and any other help you need to bring your product to market. For instance, every year, the government offers more than $2.5 billion in small business funding for technology and science innovations through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. In 2008, the SBDC helped clients obtain 28 such investments totaling nearly $18 million.
The SBDC can help you:
In addition, the SBDCs offer educational programs throughout the year covering financing strategies and proposal preparation.
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