Opportunity Information: Apply for FAST 2016 R 0010
Apply for FAST 2016 R 0010
- The SBA in the business and commerce sector is offering a public funding opportunity titled "FEDERAL AND STATE TECHNOLOGY 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 Mar 18, 2016 and posted on Mar 18, 2016.
- Applicants must submit their applications by May 20, 2016. (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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Opportunity Summary:
The Federal and State Technology Partnership Program (FAST), identified under funding opportunity number FAST 2016 R 0010, is a discretionary grant opportunity offered by the U.S. Small Business Administration (SBA). It is structured as a cooperative agreement, which generally means recipients should expect an active relationship with the SBA during the performance period rather than a hands-off grant. The overall aim of the announcement is to solicit proposals from organizations or individuals who can provide practical assistance and guidance to small technology business concerns, particularly in ways that help them strengthen their competitiveness and ability to pursue technology-driven growth opportunities.
This opportunity falls under the Business and Commerce funding activity category and is listed under CFDA number 59.058. The eligible applicant pool is intentionally broad, described as "others" with additional eligibility details referenced in the full announcement. In plain terms, the SBA is inviting proposals from any public or private organization, entity, or individual that can credibly deliver support services to small technology businesses. That could include entities such as nonprofits, universities, economic development organizations, small business development intermediaries, or other capable providers, depending on the specific eligibility clarifications included in the full text.
Funding levels are relatively modest but designed to support targeted, high-impact assistance activities. The award ceiling is $125,000 per award, and the SBA anticipated making about 16 awards under this announcement. The application window closed on May 20, 2016 (original and current closing dates are the same), and the opportunity was created and posted on March 18, 2016. Applicants would have been expected to propose a clear plan for delivering guidance and support to small technology firms, likely including outreach, advising, training, or navigation assistance that helps these businesses access commercialization resources, strengthen business capabilities, and engage with relevant innovation and funding ecosystems.
In summary, FAST 2016 R 0010 is an SBA cooperative agreement opportunity intended to fund providers that can help small technology business concerns by offering hands-on assistance and guidance. It is aimed at building support capacity around technology entrepreneurship and commercialization, with awards up to $125,000 and an expected total of 16 funded projects, using a cooperative model that implies coordination with the SBA during implementation.
FAST (Federal and State Technology Partnership Program) - FAQs
What is the FAST grant opportunity?
The Federal and State Technology Partnership Program (FAST) is a discretionary funding opportunity offered by the U.S. Small Business Administration (SBA). Under this announcement, SBA seeks proposals from providers that can deliver practical assistance and guidance to small technology business concerns to help them strengthen competitiveness and pursue technology-driven growth and commercialization opportunities.
What is the funding opportunity number for this announcement?
The funding opportunity number is FAST 2016 R 0010.
Which federal agency is offering this opportunity?
This opportunity is offered by the U.S. Small Business Administration (SBA).
Is FAST a grant or something else?
FAST is structured as a cooperative agreement. That structure generally indicates recipients should expect an active working relationship with SBA during the performance period, rather than a fully hands-off award.
What is the main purpose of the FAST cooperative agreement?
The main purpose is to fund organizations or individuals that can provide hands-on support to small technology business concerns. The focus is on practical assistance that improves competitiveness and helps these firms engage in technology-driven growth and commercialization.
What kinds of activities are applicants expected to propose?
Based on the announcement summary, applicants would be expected to propose a clear plan to deliver guidance and support to small technology firms. Examples mentioned or implied include outreach, advising, training, and navigation assistance to help businesses access commercialization resources, strengthen business capabilities, and connect with relevant innovation and funding ecosystems.
What funding category does this opportunity fall under?
This opportunity is listed under the Business and Commerce funding activity category.
What is the CFDA number for this program?
The CFDA number is 59.058.
Who is eligible to apply?
The eligible applicant pool is described as broad and listed as "others," with additional eligibility details referenced in the full announcement. In practical terms, SBA is inviting proposals from any public or private organization, entity, or individual that can credibly deliver support services to small technology businesses (subject to the specific eligibility clarifications in the full text).
What types of applicants might fit the eligibility description?
The summary suggests potential applicants could include nonprofits, universities, economic development organizations, small business development intermediaries, or other capable providers, depending on the detailed eligibility language in the full announcement.
How much funding is available per award?
The award ceiling is $125,000 per award.
How many awards did SBA expect to make under this announcement?
SBA anticipated making about 16 awards under this FAST announcement.
When was the opportunity posted?
The opportunity was created and posted on March 18, 2016.
When did applications close?
The application window closed on May 20, 2016. The original and current closing dates are the same.
Does this program fund small businesses directly?
The summary describes funding intended to support providers that assist small technology business concerns, rather than describing direct awards to small businesses themselves. The funded recipient would deliver services that help small technology firms strengthen capabilities and pursue commercialization and growth opportunities.
What does it mean that the award is a cooperative agreement?
A cooperative agreement generally means SBA is expected to have substantial involvement during implementation. Recipients should plan for coordination and an active relationship with SBA across the performance period.
What kind of businesses are the intended beneficiaries of the assistance?
The intended beneficiaries are small technology business concerns, especially those seeking to improve competitiveness and pursue technology-driven growth and commercialization pathways.
What should a strong proposal generally include based on the summary?
Based on the description provided, a strong proposal would likely include a clear and practical plan for delivering assistance to small technology firms, including how the applicant will conduct outreach and deliver advising/training or navigation support that connects firms to commercialization resources and relevant innovation and funding ecosystems.
Is this opportunity competitive?
It is described as a discretionary grant opportunity, and SBA anticipated making a limited number of awards (about 16). This implies a competitive selection process among submitted proposals, based on the criteria in the full announcement.
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