SBIR | STTR
$0 EQUITY. $0 DEBT
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are the largest federal financing programs designed to help U.S.-based small businesses & startups to cover their R&D costs with the potential for commercialization.
With an annual budget of $3.7 billion and 160,000 awards granted YTD, SBIR|STTR programs are aimed at the federal research and development needs, private-sector commercialization of innovation derived from federal research and development funding, and fostering technology transfer through cooperative R&D between small businesses and research institutions.
WHY SBIR|STTR FUNDING?
FY $3.7 billion non-dilutive funding available for startups & small businesses.
Up to $250,00 equity-free cash for ~ Phase I and ~$1M for Phase II.
Success rate of SBIR/STTR is ~ 17% for Phase I and ~60% for Phase II.
What is the SBIR Program?
The SBIR program was established in 1982 with the purpose of strengthening the role of innovative small business concerns in Federally-funded research and development (R&D). Through FY2019, over 179,000 awards have been made totaling more than $54.3 billion.
The goal of SBIR is
→ Increase private-sector commercialization of innovation derived from federal research and development funding
→ Stimulate technological innovation
→ Foster and encourage participation in innovation and entrepreneurship by women and socially/economically disadvantaged individuals
→ Foster technology transfer through cooperative R&D between small businesses and research institutions (STTR)
What are the three phases of the SBIR Program?
Which Federal Agencies participate in the SBIR Program?
What technologies are funded by SBIR Programs?
Augmented and Virtual Reality
Cloud and High-Performance Computing
Cybersecurity and Authentication
Instrumentation and Hardware Systems
Internet of Things
Learning and Cognition Technologies
Quantum Information Technologies