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Two programs based out of the same building on the University of Arkansas at Little Rock campus are helping transform research done in a lab into marketable technology that can generate dollars and jobs.
The newest of the two is Lab2Launch, a virtual accelerator run by the Arkansas Small Business & Technology Development Center. It is teaching companies how to apply for federal grants that fund R&D with the potential for commercialization.
The other is Tech Launch, a university office that helps faculty and students commercialize their inventions, free of charge.
‘Highly competitive’
Lab2Launch steers companies toward the Small Business Innovation Research and Small Business Technology Transfer grant programs that are “highly competitive,” with an average success rate of 20% among the various federal agencies that award them, according to ASBTDC Innovation Specialist Rebecca Todd.
Send The second round of the federally funded Paycheck Protection Program is prioritizing “underserved” businesses minority-, women- and veteran-owned and rural businesses by setting aside money for them and through targeted outreach efforts.
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Send A 160-SF clean room for biomanufacturing is set to open this quarter or next at the University of Arkansas at Little Rock, spurred by NuShores Biosciences LLC opening one of its own in west Little Rock a few months back.
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