Companies often have a problem that can be uniquely solved by a university partnership. They will invest in external research to achieve an innovative solution for a new product or process that has great commercialization or market potential. But why would an academic want to be involved with addressing current business challenges?
New Hampshire ranks 22nd in total federal dollars awarded to small companies that have early-stage and high risk technologies with high potential for commercialization. Through the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, New Hampshire companies have received over $425M since the program’s inception. To increase the financing of New Hampshire’s entrepreneurial initiatives, NH Inspires Innovation will offer a series of SBIR/STTR workshops around the state.
On June 26, Dartmouth College hosted the Annual Meeting of the NHIRC where Marc Sedam, Executive Director emphasized that the State Budget for the program increased due to NHIRC Day and the compelling metrics of job & economic impact. Board member Chris Way, DRED highlighted the efficiencies that will occur with a new implementation for managing the program finances.