Introduction to sbir program 032510
Download as PPTX, PDF1 like400 views
This document provides an overview of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) funding programs. It describes who is eligible to receive SBIR/STTR grants, the three phases of funding, and the 11 federal agencies that offer SBIR programs and 6 that offer STTR programs. Key points include that SBIR/STTR grants can fund high-risk research and development, applicants must be US-owned small businesses, and proposals require demonstrating the value of the innovative idea to the funding agency.
Introduction to sbir program 032510
- 1. SBIR 101: Funding Critical Innovations
- 2. SBIR funding is accessible to a wide range of innovatorsSmall US-citizen owned company or start-up with new IPResearcher* with an applied technology but no funding to create a prototypeInventor with concept funded out of your own pocket*Restrictions apply
- 3. Grants are an overlooked source of early stage fundingFederal SBIR/STTR grants to build and test innovative new productsState NYSERDA grants—energy-relatedTIP, ARPA-e…
- 4. TaxesFederal InvestmentSBIR Innovation ModelPrivate Sector Investment/Non-SBIR Federal Funds(before/during/after)PHASE IFeasibilityResearchPHASE IIIProductDevelopmenttoCommercialMarketPHASE IIResearchtowardsPrototype
- 5. The SBIR program provides small businesses the opportunity to propose innovative ideas that meet federal R&D needsSmall Business Innovation ResearchHighly competitiveThree-phase award system The Government is your customer for now
- 6. The STTR program is SBIR’s sister program, encouraging cooperative R&D between small businesses and research institutions Small Business Technology Transfer Program Works like SBIR, but a research partner is required
- 7. Both SBIR and STTR allow you to test the feasibility of ideas with commercial potentialCongress has mandated that agencies with significant external R&D budgets reserve a percentage for SBIR and STTRSBIR permits research institution partnersSTTR requires research institution partners
- 8. SBIR provides funding for high-risk R&D and enables you to prove your conceptFirst level of investmentVerification of your innovative technologyPeer-reviewed Reduces technological risk for investors (angels/VCs will NOT fund R&D)Has grown increasingly competitiveUnder a CR; rules may change in 2011
- 9. SBIR builds value in your business for the owners of your businessNot dilutive like equity investmentNo future debt accruedInventors retain 100% intellectual property and commercialization rights Licensing and royalties=future revenue streams
- 10. Funding for SBIR projects differ by agency and solicitationPhase I---from $70K for proof of concept (current NSF is $150K)Phase II---$750K- $1.5 million to build outPhase III---commercialization opportunities with agencies and private firms (usually no cash)
- 11. SBIR and STTR fund direct project work in several areasExploitation of scientific breakthroughsInnovative use of emerging technologiesNew application or major improvements to existing technologies Commoditized technology won’t be accepted
- 12. 11 agencies host SBIR programs, and 6 host STTR programsAgricultureCommerceDefense - also STTREducationEnergy - also STTREPAHealth and Human Services - National Institutes of Health - also STTRHealth Care Financing AdministrationHomeland Security- also STTRTransportationNational Aeronautics and Space Administration - also STTRNational Science Foundation - also STTR
- 13. To be eligible for SBIR/STTR, companies must be US-owned and independently operatedFor-profit firm with fewer than 500 employeesNot dominant in the proposed field of operationPI employed by the business over 50% timeFor SBIR; STTR depends on the agencyResearch direction must be controlled by the SBIR grantee
- 14. To apply, the first step is to identify all topics that relate to your company’s R&D interestswww.zyn.comwww.sbir.govLinks to SBIR information resources
- 15. SBIR/STTR solicitation schedules The second step is to review solicitation information for the opportunities you have selectedPre-solicitation announcementsGuidelinesRequirements - technical and personnel Award amountsApplication and submission detailsResearch funded in the pastSample or model proposals- be careful!
- 16. The third step is to contact each agency to learn why the agency is funding your topicTreat each agency as you would treat any customer
- 17. Technical questions allowed before release date
- 18. Only administrative questions after release date
- 19. DOD has a pre-release period
- 20. HHS and Agriculture not concerned about release date restrictionsTactical strategies are necessary to be competitive – you will need a plan to winHave a clear vision of the customerLeverage federal and state resourcesLeverage relationships with outside organizationsConsider the use of expertsLeverage personal resourcesAsk for letters from potential customers
- 21. You must be prepared to sell the value of your ideaAn investor is an investorEvaluate how you fit the funder’s needsUnderstand the funder’s motives and valuesBe able to articulate how your approach is different from competing technologiesShow that you know your market
- 22. The proposal will require more than ‘filling out a form’—write for your reader!Proposal quality is keyThe text should be engaging and easy to read, but avoid marketing-speakDon’t make the reader dig for information; highlight key pointsUse pictures, tables and figures
- 23. ITAC SBIR specialists can lead you through the SBIR/STTR mazeWe can:Help you find the right opportunityMatch you with a research lab partnerMatch you with a small businessAdvise you on proposal strategyRead your proposal with commentsWe can’t:Write the proposal for you
- 24. Thank you, and feel free to contact me with any questions or for a copy of this presentationColleen GibneyTechnology Project Manager ITAC ITAC www.ITAC.org CGibney@ITAC.org 212-442-2990Special thanks to MarceneSonneborn, TDO