Developing a Technology or Innovation-Based Business

The Arkansas Small Business and Technology Development Center assists entrepreneurs whose business focus is on innovation, new technology development or new applications of existing technology. Services include consulting, research and training. All services are available at low or no cost through the ASBTDC's partnership with the U.S. Small Business Administration and higher education institutions across Arkansas. For more information on the ASBTDC, visit our FAQ or explore other sections of our website.

The ASBTDC encourages entrepreneurs to subscribe to our biweekly e-newsletter, Tech Track, to stay informed about news and events of interest to the innovation-based business community.

Who We Serve

The ASBTDC's assistance to innovation-based businesses is focused on the following:

  • Entrepreneurs using engineering, science or technology to develop products, services or processes in their business

  • Entrepreneurs who have ideas for innovative products or services that apply existing technology in new ways

  • Entrepreneurs engaged in biosciences, engineering, agriculture, information technology and similar high-tech areas

  • University researchers interested in establishing new ventures to commercialize research

  • Organizations supporting technology transfer and commercialization that benefits Arkansas small business

What We Do

The ASBTDC's services are based on the individual needs of our innovation-based small business customers. Generally, they include:

Technology Business Planning

Alternative Financing

  • Assistance in understanding and accessing R&D money

    • Small Business Innovation Research (SBIR)

    • Small Business Technology Transfer (STTR)

  • Equity financing opportunities in the state of Arkansas

    • Angel capital

    • Venture capital

  • Traditional financing sources

Market Research

  • Market, Customer and Industry Analysis

  • Demographics

  • Competitor Identification

  • Industry Benchmarks

ASBTDC Research Resources

  • Proprietary market research databases

  • GIS mapping software

  • ASBTDC web resources

  • Patents in Commerce™ DVD series for inventors

Small Business Innovation Research (SBIR) / Small Business Technology Transfer (STTR)

The ASBTDC provides assistance to research-capable Arkansas small businesses to access federal R&D dollars. We help small businesses:

  • Navigate 11 federal agencies that fund R&D projects under the SBIR/STTR programs

  • Draft their research proposals

  • Review proposal reviews

  • Find institutional partners to provide research expertise

Want more information on SBIR grants?

Training

The ASBTDC offers a wide variety of live and online classes on topics relevant to innovation-based entrepreneurs. Training of special interest to innovation-based entrepreneurs typically includes topics related to SBIR/STTR, intellectual property, and market research.

Articles, Information, and Tools

The ASBTDC offers helpful information and tools to those who operate or plan to begin innovation-based businesses. A great deal of information is available online.

Call On Us

Contact Rebecca Norman to discuss your SBIR and STTR opportunities and challenges.

Rebecca Norman, Innovation Consultant
Arkansas Small Business and Technology Development Center
rxnorman@ualr.edu
501.683.7700

ASBTDC's services for technology and innovation-based businesses are under the direction of Michael Singleton.

Michael Singleton, Innovation and Market Research Manager
Arkansas Small Business and Technology Development Center
masingleton@ualr.edu
501.683.7700

 

Updated 3/2/2012 11:49:08 AM | T. Lee
UALR College of Business
SBA
Association of Small Business Development Centers
Arkansas Small Business and Technology Development Center
University of Arkansas at Little Rock - College of Business
Donald W. Reynolds Center for Business and Economic Development
2801 S. University / Little Rock, Arkansas 72204
Phone: 501.683.7700  Fax: 501.683.7720
webmaster@asbtdc.ualr.edu
The Arkansas Small Business and Technology Development Center is funded in part though a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All poinions, conclusions of recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gener, color, national origin, sexual orientation, age, religion, veteran's status or disability. Site Content © 2012, Arkansas Small Business and Technology Development Center