12 | Business World Magazine |
May 2013
TIBBETTS TRIBUTE TO TIER1
TiER1 Performance Solutions has won a 2013
Tibbetts Award which is presented to outstand-
ing small businesses and individuals who demon-
strate excellence in research and participate in
an initiative known as the Small Business Innova-
tion Research (SBIR) program. Founded in 2002,
TiER1 Performance Solutions provides end-to-end
corporate learning, strategic change, and orga-
nizational effectiveness solutions to help people
achieve their best work. The Tibbetts Award is
named after Roland Tibbetts , the father of the
SBIR program. The SBIR and Small Business Tech-
nology Transfer (STTR) programs currently ac-
count for more than $2.5 billion per year in fed-
eral research and development funds coordinated
by the Small Business Administration in coopera-
tion with 11 other federal agencies. Several fac-
tors are considered in award eligibility, including
economic impact of the technological innovation,
overall business achievement, and demonstration
of effective collaborations. Companies and indi-
viduals are only considered for the award when
they reach a beacon of promise and model excel-
lence in high technology. TiER1 first took part in
the SBIR program in 2009 with the acceptance of
their first Phase I award. Since then, TiER1 has
won eight Phase I proposals and three Phase II
proposals with a total value of over $3.2 million
in small business research funding. In addition,
TiER1 also received $1 million from the State of
Kentucky SBIR Matching Funds Program.
