The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
Small Business Technology Transfer (STTR) is another program that expands funding opportunities in the federal innovation research and development (R&D) arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small businesses and non-profit research institutions. The unique feature of the STTR program is the requirement for the small business to formally collaborate with a research institution in Phase I and Phase II. STTR’s most important role is to bridge the gap between performance of basic science and commercialization of resulting innovations.
How They Can Help:
- First and foremost, funding from the SBIR/STTR program is non-dilutive capital (i.e. – free $!).
- Since many proposals are peer reviewed, a positive review provides excellent validation of your technology, which can be highly valuable when seeking follow-on funding.
- Because the programs are all about funding technology risk, the process is rigorous and focused on developing commercialization and business plans that are essential in bringing innovative technologies to market.
- Established small businesses can also apply to the programs to fund high risk/high impact projects that cannot be developed with internal resources.
- It enables early transfer of technology and establishment of start-up companies.
- Website: http://www.sbir.gov/
SBIR/STTR News & Updates:
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