Michigan Emerging Technologies Fund (ETF)

 

 

On February 4, 2008, the MI-SBTDC launched the Michigan Emerging Technologies Fund (Michigan ETF) in partnership with the Michigan Economic Development Corporation. The Michigan ETF is a $1.4 million fund dedicated to matching federal SBIR/STTR funding opportunities for exceptional research and technical innovation generated in Michigan. The ETF matching awards will be as high as $25,000 for SBIR/STTR phase I awards, and $125,000 for SBIR/STTR phase II awards.

MI-SBTDC Technology Team Coordinator Phil Tepley says, "SBIR and STTR federal research contracts provide critical funding for small business technology development projects, but there are several restrictions on how these dollars can be spent. The Michigan ETF program is so important because it provides funding to cover costs that are not allowed under the SBIR/STTR program, but are vital to commercialization including intellectual property protection, marketing and business plan development." Mr. Tepley continued to say, "The MI-SBTDC is proud to have been selected by the state to manage this program."

As the administrator of the Michigan ETF, the MI-SBTDC will ensure that Michigan's SBIR/STTR applicants and awardees access the appropriate resources from Michigan's business support network to assist them with the SBIR/STTR proposals, finance efforts, commercialization and growth plans.

To apply to the ETF or learn more about the program and eligibility requirements, please visit www.mietf.org