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You are here: Home / Community / Business News Bits / State funds available to help businesses with technology development

State funds available to help businesses with technology development

January 19, 2022 – By Larry Avila Leave a Comment

Companies or individuals with an idea to develop an app or technology for business use can sign up for assistance through the Indiana Technical Assistance Program.

The Indiana Small Business Development Center announced applications for the program will be accepted through Feb. 20. The initiative connects small businesses with professional assistance to complete growth and improvement projects. 

“Small businesses can utilize this program for a variety of professional assistance, everything from product prototyping to inventory control systems,” said David Watkins, Indiana SBDC state director and vice president of small business. “I strongly encourage small business owners to learn more about this program and see how it could help take their business to the next level.”

Eligible small businesses may apply for up to $15,000 in professional services from a qualified vendor to complete growth and improvement projects requiring specialized assistance or technical expertise such as app or technology development, intellectual property legal assistance and grant writing assistance for the Small Business Innovation Research and Small Business Technology Transfer programs. The program is administered in partnership with Ivy Tech Community College Bloomington's Cook Center for Entrepreneurship, which houses the South Central Indiana SBDC regional office.

INTAP has assisted 128 businesses with completing projects since its launched in 2017, 68 of which were completed in 2021. To be eligible for INTAP, Indiana small businesses must meet the following criteria:    

  • Be or become an Indiana SBDC client,
  • Have a physical presence in Indiana,
  • Use a vendor physically located in Indiana,
  • Be able to complete the project within five months and before Dec. 31, 2022, 
  • Be an eligible project type, and
  • Be able to demonstrate a positive impact after completion, including but not limited to new job creation, increased production or sales, or new market expansion.

Additional information about eligibility requirements and submitting an application are available online.

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Larry Avila
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Larry Avila
Larry is an award-winning journalist with more than 25 years of experience working with daily newspapers and business-to-business publications around the Midwest. Avila is a Michigan native and a graduate of Central Michigan University.
Larry Avila
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Filed Under: Business News Bits, Economic Development, Technology Tagged With: Around the Region, Indiana Small Business Development Center, small business assistance, Small Business Innovation Research, Small Business Technology Transfer program

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