The Federal and State Technology (FAST) Partnership Program provides funding to organizations to execute state/regional programs that increase the number of SBIR/STTR proposals leading to an increase in the number of SBIR/STTR awards from women, socially/economically disadvantaged individuals, and small businesses in underrepresented areas - typically rural states.
FAST awards build the SBIR/STTR ecosystem through:
Outreach: increase the pipeline of SBIR/STTR applicants through training and outreach; and build the capacity of partner organizations and individuals to support SBIR/STTR applicants and existing awardees.
Technical and business assistance: support entrepreneurs and startups through programs or services that improve proposal development and team creation; provide assistance that leads to the commercialization of technology developed through SBIR/STTR program funding; and form or encourage relevant mentoring networks to provide business advice and counseling.
Financial support: make grants or loans to applicants to pay a portion or all the cost of developing SBIR/STTR proposals (Phase 0), attending relevant conferences, and bridging gaps between phases.
FY 2021 FAST Competition
In FY 2021, FAST was appropriated $4,000,000 in total funding. Of this funding, $3,000,000 is allocated for the continuation of awards made in FY 2020 (also known as the 2021 Cohort). The remaining $1,000,000 will fund new awards under the following funding opportunity (up to $125,000 per applicant).
Eligible applicants include state and local economic development agencies, colleges and universities, accelerators, incubators, Small Business Development Centers (SBDCs), Women’s Business Centers (WBCs), Procurement Technical Assistance Centers (PTACs), and other technology-based economic development entities. Only one proposal is allowed per state, with an accompanying letter from a state’s governor or equivalent. Varying levels of matching funds are required from each participating state or territory.
FY 2021 Notice of Funding Opportunity Documents
Funding Opportunity No. SB-OIIFT-21-001
FY 2021 FAST Synopsis
Funding Opportunity Submission Instructions
Funding Opportunity Definitions
Terms and Conditions
For questions email FAST@sba.gov
Current FAST Awardees
FAST Award Announcements
- FAST Partnership Award for FY 2020
- FAST Partnership Award for FY 2019
- FAST Partnership Award for FY 2018
- FAST Partnership Award for FY 2017
- FAST Partnership Award for FY 2016
- FAST Partnership Award for FY 2015
- FAST Partnership Award for FY 2014
- FAST Partnership Award for FY 2013
- FAST Partnership Award for FY 2012
- FAST Partnership Award for FY 2010
Congress sought to reduce the variation within state technology programs that foster economic development among small high-technology firms. In response, the Consolidated Appropriations Act of 2001, codified at 15 U.S.C. §657d(c), established the FAST program. The program expired on September 30, 2005 and was reestablished under the Consolidated Appropriations Act of 2010.