The Minnesota SBIR/STTR Accelerator is funded in part through a Federal and State Technology Partnership Cooperative Agreement with the U.S. Small Business Administration, a grant from the Minnesota Department of Employment and Economic Development; the University of Minnesota, Technology Commercialization, and the Holmes Center for Entrepreneurship, the Mayo Clinic, Office of Entrepreneurship and hosted by the Minnesota Technology Association.

Small Business Administration’s Federal and State Technology Partnership (FAST) Program is a competitive program designed to strengthen the technological competitiveness of small businesses. It improves the participation of small technology firms in the innovation and commercialization of new technology, thereby helping keep the United States on the cutting edge of research and development in science and technology. All 50 states, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, and American Samoa may receive funding for an array of services (e.g., outreach and technical assistance) in support of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.