January 19, 2021

SBA: National Science and Technology Council and SBA Partner to Award $330,000 in Prizes in New Lab to Market Competition

The U.S. Small Business Administration partnered with the National Science and Technology Council’s Lab-to-Market subcommittee to award $330,000 in prizes to the winners of the new Lab-to-Market (L2M) Inclusive Innovation Ecosystem Prize Competition. 

The L2M prize competition recognizes the most impactful organizations, programs and ideas that support the research and development (R&D) innovation ecosystems, particularly those focused on underrepresented communities and pandemic responses.  The competition’s goal is to encourage entrepreneurship and inclusive, sustainable growth by developing and commercializing technology to improve access to resources. 

Launched on September 30, 2020, the L2M prize competition accepted over 160 submissions from applicants across the U.S. seeking their share of the $330,000 competition prize. 

The awardees are as follows:   

Submissions were evaluated for quality and clarity by a panel of federal employees and non-federal partners with relevant expertise.  Final selection was made by an interagency committee in coordination with the SBA’s Office of Innovation and Technology.

This post was originally published here.