The SBA called as the small business administration in United States accepts the requests for funding of grants from the governors belonging to the states in U.S and its territories mainly for supporting the programs for ground breaking and technology driven under the SBA’s Federal and the state technology known as Fast partnership program from 10th May 2010.Significant role is played by the partners who are developed through this program to bring good potential. Strong foundation is laid by these small organizations for the prosperity of the economy.FAST organization provides more than 2 million US dollars towards funding. It works out to approximately 1,00,000 US dollars for each applicant towards technical assistance and outreach for the technology based and science based small business.The emphasis particularly placed by this program is to help the economically and socially disadvantaged organizations in the Small business innovation research called SBIR and STTR or otherwise known as small business technology transfer programs. The eligible candidates or applicants for this FAST grants includes the local and state economic development agencies, colleges, universities and small business development centers. The proposal may be submitted by each state through its governor and should be limited to one.The FAST program is mainly started to help the cutting edge of the American proprietors to continue to drive their innovative and creative jobs in a good manner. The applicants for this program are encouraged and the support is given in the areas like
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