One of Centergy's major areas of focus relates to supporting our manufacturing sector. One way to do this is to partner with other statewide initiatives through the Wisconsin Entrepreneurs Network (WIN).
Innovation 25 Pilot Program is a state-wide effort to encourage 25 technology-based manufacturing businesses to research, develop and commercialize new products and services aided by federal research and development funding. The pilot program targets technology-based manufacturing businesses (start-up, existing and in all industry sectors) that have historically not participated in the $2.4 billion federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Innovation 25 businesses must be focused on scientific and technological innovations that require research and development resulting in a commercialized product or service. The State of Wisconsin is expected to receive $1.5 to $2 million of federal funding for this program to aid Wisconsin-based companies.
Businesses qualifying for this program will receive FREE individualized and customized assistance that results in the development of high quality SBIR/STTR Phase I proposals to enable them to secure federal research funding.
Both SBIR and STTR Programs are three-phased programs with funding guidelines as shown:
Phase I - Funding up to $150,000 for a period of 6-9 months, which supports research to determine or demonstrate the technical feasibility of the innovative idea.
Phase II - Funding up to $1,000,000 for a period of up to 24 months which supports the research and development needs to produce a prototype based on the successful Phase I feasibility effort.
Phase III - Financing comes from the private sector. However, if the federal government is a potential customer, funding may be available for government procurement.
Manufacturing projects that are eligible include:
- Unit-process-level technologies that create or improve manufacturing processes.
- Machine-level technologies that create or improve manufacturing equipment.
- Systems-level technologies for innovation in the manufacturing enterprise.
- Environmental or societal-level technologies that improve workforce abilities, productivity andmanufacturing competitiveness.
Interested companies may contact Pat Dillon, WIN at email@example.com or Barb Fleisner, Centergy at firstname.lastname@example.org.