Funding resources for new product development


Angel Investors

This step-by-step guide from the Wisconsin Angel Network introduces entrepreneurs to the early stage investment scene. It was created for entrepreneurs who would like to raise funds from angel investors but who do not have experience doing so. The guide provides links to existing resources.


Small Business Innovation Research Programs (SBIR/STTR)

The SBIR program funds research and development efforts of a high-risk nature that may have excellent commercial potential. These programs were created in part to: 1) stimulate technological innovation, 2) use small business to meet Federal R&D needs, and 3) increase private sector commercialization derived from Federal R&D. The STTR program is similar, but requires a non-profit partner.


For more information on these programs, contact the Wisconsin Innovation Service Center at 262-472-1365, your local Small Business Development Center, or:


Office of Technology
U.S. Small Business Administration

409 3rd Street, SW Mail Code 6470
Washington, D.C. 20416


U.S. Department of Energy Inventions and Innovations Program

This program provides financial assistance at two levels: up to $40,000 or up to $200,000—depending on the stage of development—for establishing technical performance and early development for ideas that have a significant energy savings impact and future commercial potential.

Applications are accepted through a competitive solicitation process, open for about three months annually (for example, from May 1 to July 31). In addition financial assistance, technical guidance, and commercialization support is offered to successful applicants. For more information, contact:


OIT Clearing House

Phone: 800-862-2086

Fax: 360-956-2214