The Center for Technology Commercialization (CTC) is now accepting applications from small businesses for its SBIR Advance grant, the organization announced today.

According to a release, SBIR Advance matches up to $100,000 in funding to provide additional assistance to companies in the process of completing a project in the federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs.

This is the 25th round of SBIR Advance funding.

“We select companies based on their need for funds, their commercialization team, and their potential to impact the Wisconsin economy,” SBIR Advance Program Manager Rob Baranowski said in a statement. “It is always satisfying to see so many great companies who have won SBIR grants get this follow-on funding through our program, because we see a measurable effect on Wisconsin’s economy through our clients’ efforts.”

To be eligible, an applicant company must have an SBIR/STTR project in either Phase I or Phase II of funding, have a significant presence in Wisconsin and be registered within the Wisconsin Department of Financial Institutions.

Applications are due by noon April 18, and applicants who are chosen will be notified by early May.