Technology Commercialization

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.

Who We Serve

Our assistance to Arkansas innovation-based businesses is focused on the following:

  • Entrepreneurs using engineering, science, or technology to develop new products, services, or processes
  • 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

  • Business plan development and plan reviews
  • Market research and analysis
  • Basics of intellectual property
  • Commercialization assessment and strategies

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
  • GIS mapping

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 research proposals
  • Review proposals
  • Find institutional partners to provide research expertise

Training

The ASBTDC offers a wide variety of live and online classes on topics relevant to innovation-based entrepreneurs, such as SBIR/STTR, intellectual property, and market research.

  • Instructor-led training
  • “Get Ready for SBIR/STTR” online course

Call On Us

Rebecca Norman, ASBTDC Innovation Consultant
rxnorman@ualr.edu | 501.683.7700

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

Michael Singleton, ASBTDC Assistant State Director
masingleton@ualr.edu | 501.683.7700