![Lisa M. Kurek , MS – Managing Partner Michael P. Kurek , PhD, MBA – Partner Andrea Johanson , PhD – Principal Consultant Bhramara Tirupati , PhD – Principal Consultant Kris Bergman – Consultant, Grants and Contract Management Jayne Berkaw – Director, Marketing and Outreach Marilyn (Mickey) Katz-Pek – Partner Emerita & Founder 734.930.9741 [email_address] www.bbcetc.com](https://image.slidesharecdn.com/sbirintroandmsfprogramoverview-120228164945-phpapp02/85/BBC-s-SBIR-Introduction-and-MSF-Program-Overview-28-320.jpg)
BBC's SBIR Introduction and MSF Program Overview
- 1. SBIR/STTR Funding What is it? Who is it for? How can Michigan companies get help? Lisa M. Kurek Managing Partner BBC 803 N. Main Street, Ann Arbor, MI 48104 www.bbcetc.com
- 2. Overview of SBIR/STTR Michigan SBIR/STTR Assistance Program
- 4. What is the SBIR/STTR Program? A $2 Billion+ Federal Funding Program SBIR: Small Business Innovation Research STTR: Small Business Technology Transfer
- 5. What is the SBIR/STTR Program? A federal funding mechanism to support small business to: Stimulate technological innovation To develop products with commercial merit
- 6. Funding for Commercialization Debt Equity Non-Dilutive
- 7. Participating Agencies* TOTAL: >$2.4 B FY 2010 * www.sbir.gov
- 8. The Basics of SBIR: 3 Phases 2.5 Years, ~$1,150,000+ Phase III: Commercialization (no federal $$) Phase I: 6 Months, $150K Phase II: 2 Years, ~$1,000 K+
- 9. Eligibility for Funding Small business < 500 employees For-profit Located in the U.S. R&D must be performed in the U.S.
- 10. Company-controlled research facilities Documentation Required ! **Access to special facilities is permitted
- 11. More on Eligibility At least 51% U.S. owned and independently operated *Firms more than 50% owned by corporations, VCs, institutions ARE NOT ELIGIBLE for SBIR/STTR awards. UNLESS the majority entity meets the definition of a small business (< 500 employees; ownership) *VC/HF/PEF owned companies will be eligible for up to 25% of NIH, NSF and DoE funds and 15% for all other agencies VC/HF/PEF can’t be owned or controlled by large for foreign firms
- 12. SBIR vs. STTR PRIMARY DIFFERENCE: SBIR allows but does not require the involvement of a non-profit research institution STTR REQUIRES a collaboration with a non-profit research institution Collaboration is always in the form of a sub-contract However – in either case: Applicant Organization is always the Small Business !
- 13. SBIR vs. STTR APPLICANT IS ALWAYS THE SMALL BUSINESS! Subcontract percentages* SBIR: no more than 33% in a Phase I and 50% in a Phase II STTR: at least 40% at small business and at least 30% at partner non-profit research institution * Based on budget. Check specific agency for details * Percentages include BOTH consultants and subcontractors
- 14. SBIR vs. STTR Principal Investigator Rules: SBIR: PI at least 51% EMPLOYED at small business for duration of the award Agency may specify minimum effort on project. STTR: PI has an ‘official relationship’ with the small business and at least 10% effort on the project Note that non-profit research collaborator is a sub-contractor. Award ‘belongs’ to small business. REMEMBER: APPLICANT IS ALWAYS THE SMALL BUSINESS!
- 15. SBIR INFORMATION: Link to all 11 agencies Search past awardees www.sbir.gov
- 16. More SBIR Info Solicitation deadlines Search past solicitations Subscribe to SBIR Insider Newsletter www.zyn.com/sbir
- 17. Agency Differences Receipt dates, number & timing of solicitations Type of award (grant or contract) Proposal review process R&D topic areas $ of award (both Phase I and II’s) Proposal success rates Profit or fee allowed Gap funding provided (competing continuation grants) Payment types & schedules
- 18. Agency Differences -- Grants vs. Contracts ** Grants – INVESTIGATOR INITIATED TOPICS DHHS (95% $$), NSF, USDA, DOE, ED Some agencies might have topic areas (aka “buckets”) Open communications any time ** Contracts – AGENCY SPECIFIED TOPICS DoD, NASA, DHS, EPA, DOT, DOC, ED, DHHS (5% $$) Must respond to a topic Limited time to prepare ( 8-12 weeks) Limited communications during open solicitation
- 19. Reauthorization Authorization for 6 years (through 2017) Majority ownership by VC, private equity and hedge funds Funding restricted to 25% of total budget for NIH, DOE and NSF, and up to 15% for the others. Increasing set aside allocations over 6 years: SBIR: 2.5 to 3.2% STTR: 0.3 to 0.45% Increased attention to “waste, fraud and abuse” Agencies to track commercialization outcomes more effectively
- 20. MI SBIR/STTR ASSISTANCE PROGRAM
- 21. MI SBIR/STTR ASSISTANCE PROGRAM GOALS Increase the number of applications from Michigan Increase the quality of applications from Michigan PROGRAM COMPONENTS Training One-on-one Proposal Assistance Outreach
- 22. Training Primary Training SBIR/STTR 101: ½ day ($50) Agency Specific Proposal Preparation: NIH: 2 days ($125) NSF, DoE, or DoD: 1 day ($75) Other Training Commercialization Plan Development: ½ day ($50) Electronic Submission: webinar ($25) Accounting/Grants Mgmt: webinar series ($25 ea) http ://www.bbcetc.com/training.html
- 23. One-on-one Assistance: Eligibility Located in Michigan Focused on commercialization of technology Meet requirements of an SBIR/STTR solicitation Must attend agency specific proposal preparation SBIR/STTR Training Must have qualified PI and project Must have sufficient time prior to deadline Fees – only due if SBIR/STTR is funded: - $1500 Funded Phase I - $5000 Funded Phase II
- 24. Outreach Intro Training Assessment 1-on-1 Proposal Assistance Proposal Submitted Training* * required for 1-on-1 assistance
- 25. Why Participate?? Over $100 million awarded to MI client companies since 2002 Proposal funding rates 2-3x the national average
- 26. SBIR/STTR Matching - MI Match up to $25k for Phase I, $125k Phase II Requires third party match MUST APPLY PRIOR TO SBIR SUBMISSION www.mietf.org
- 27. SBIR/STTR: WHY?? Non-dilutive capital (i.e. – its free) Peer Review Validation of Technology Commercialization focus Funds technology risk Enables early transfer of technology and establishment of start-up companies
- 28. Lisa M. Kurek , MS – Managing Partner Michael P. Kurek , PhD, MBA – Partner Andrea Johanson , PhD – Principal Consultant Bhramara Tirupati , PhD – Principal Consultant Kris Bergman – Consultant, Grants and Contract Management Jayne Berkaw – Director, Marketing and Outreach Marilyn (Mickey) Katz-Pek – Partner Emerita & Founder 734.930.9741 [email_address] www.bbcetc.com
Editor's Notes
- #8: Julie – this budget is obviously out of date since the 2006 budget is ready to go