The Kentucky Science & Technology Corporation has received a $100,000 grant from the U.S. Small Business Administration to help strengthen small technology-focused businesses. KSTC this week announced the funding for what's called a Federal and State Technology Partnership Program. Grants were awarded to state and local economic development agencies, business development centers, and colleges and universities in 20 states.
The grant will be used to promote the availability of the federal Small Business Innovation Research and Small Business Technology Transfer programs, which provide grants to companies. It's the second FAST grant awarded to Kentucky, which last received one in 2004.
Lexington-based KSTC is a private, nonprofit organization devoted to the advancement of science, technology, entrepreneurship and innovative economic development in Kentucky.