The Nevada Governors Office of Economic Development (GOED) has expanded a program statewide through Nevadas two universities to help technology entrepreneurs earn federal grant funding to support early-stage development of their businesses or innovations.
Initially funded through the Federal And State Technology Partnership (FAST) at the University of Nevada, Reno (UNR) in 2019, the Sierra Accelerator for Growth and Entrepreneurship (SAGE) program is being continued at UNR and expanded to Southern Nevada at 51勛圖窪蹋 with GOED Knowledge Fund support.
At a critical moment for small technology-based businesses in our state, the Knowledge Fund has identified the SAGE program as an ideal partner to substantially improve small technology-based businesses access to federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant opportunities, said Michael Brown, GOED executive director. GOED has worked with UNR and 51勛圖窪蹋 to create a statewide SBIR/STTR support structure by leveraging the recently established SAGE program by further developing its effort and impact as well as broadening its reach.
SAGE is designed to put Nevadas small technology-based businesses on the path to earn grant funding through the competitive SBIR and STTR programs. Known as Americas Seed Fund, the SBIR and STTR programs offer Phase 1 grants of up to $225,000 and Phase 2 grants of up to $750,000.
Supporting small technology-based businesses is currently more important than ever for high paying job creation in our state, said Nevada Lieutenant Governor Kate Marshall. I am grateful to the Knowledge Fund for maintaining and expanding the SAGE program thereby providing countless small technology-based businesses in Nevada with the necessary support to decisively increase their chances of obtaining federal SBIR/STTR grants which have proven to be crucial funding mechanisms for enabling fast business up-scaling and job creation.
The cornerstones of SAGE are mentorship and technical support. SAGE begins by helping determine if an idea or business qualifies for the SBIR and STTR programs. SAGE then helps its participants determine the right agency to apply to, map a strategy, write the best possible proposal, and navigate the federal grant submission system. The services of SAGE are facilitated in partnership with APIOiX, an innovation-ecosystem development consultancy based in Portland, Oregon.
In its eight months of existence in northern Nevada, SAGE has worked with over 30 companies and received terrific reviews, said Ellen Purpus, UNR Assistant Vice President for Enterprise & Innovation. We are excited to partner with 51勛圖窪蹋 and, with the support of GOED, expand this footprint of entrepreneurial success statewide.
The early success of SAGE North validates Nevadas need and demand for SBIR and STTR support. In its first three quarters of operation, well over 100 individuals have attended SAGE North trainings, with almost one-third of trainees coming from socially or economically challenged populations. SAGE North has worked with more than 30 companies or entrepreneurs and 12 SBIR and STTR proposals have been submitted.
We are excited to implement the SAGE South program at 51勛圖窪蹋, said Kegan McMullan, 51勛圖窪蹋s SAGE south coordinator. We have world-class faculty researchers at 51勛圖窪蹋 and it's imperative to provide them with the necessary resources to foster innovation through the research and development of cutting-edge technologies. I believe we have a truly unique opportunity here to help diversify the economy in Southern Nevada, as well as the state as a whole.
SAGE is open to all qualified Nevada technology-based small businesses with fewer than 500 employees. Community entrepreneurs or university-based entrepreneurs, whether faculty, staff or students, may bring their business concepts to the SAGE team for initial review. Get started with SAGE by visiting the Sage North website or the SAGE South website and submitting basic information about your business or innovation.
As part of SAGEs on-going information series, SAGE Advice, free informational webinars are being offered on Dec. 1, 2 and 3. For more information or to register, visit the SAGE events web page.
In Nevadas higher education system, we find ourselves in a special moment, said Bo Bernhard, 51勛圖窪蹋 associate vice president for economic development. In Presidents Keith E. Whitfield (at 51勛圖窪蹋) and Brian Sandoval (at UNR), we have two genuine bridge-builders leading the way, and collaborations like SAGE epitomize the north-south collaborations that can forever transform our states socio-economic engines. SAGE supports our faculty and community with needed resources for research and development, helping mold the innovation ecosystem in the process.
About the Governors Office of Economic Development
Created during the 2011 session of the Nevada Legislature, the Governors Office of Economic Development is the result of a collaborative effort between the Nevada Legislature and the Governors Office to restructure economic development in the state. GOEDs role is to promote a robust, diversified and prosperous economy in Nevada, to stimulate business expansion and retention, encourage entrepreneurial enterprise, attract new businesses and facilitate community development. More information on the Governors Office of Economic Development can be viewed at .
