Create awareness among faculty and students of the funding available from the various federal agencies for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs and discuss key issues with attracting the grant.
The Small Business Innovation Research (SBIR) program is a competitive but growing program that encourages domestic small businesses to engage in 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.
Each year, five federal departments and agencies are required by STTR to reserve a portion of their R&D funds for award to small business/nonprofit research institution partnerships. The STTR pathway for commercialization can be a better fit for University innovators because the principal researcher need not be employed by small business and collaboration with the University is a requirement of the proposal.
Small businesses must meet certain eligibility criteria to participate in the STTR Program.
- American-owned and independently operated
- Company size limited to 500 employees
- Principal researcher need not be employed by small business
- (No size limit for nonprofit research institution)
The nonprofit research institution must also meet certain eligibility criteria
- Located in the US
- Meet one of three definitions
- Nonprofit college or university
- Domestic nonprofit research organization
- Federally funded R&D center (FFRDC)
STTR is a three-tiered program with the following award stages
- Phase I is the startup phase. Awards of up to $100,000 for approximately one year fund the exploration of the scientific, technical, and commercial feasibility of an idea or technology.
- Phase II awards of up to $750,000, for as long as two years, expand Phase I results. During this period, the R&D work is performed and the developer begins to consider commercial potential. Only Phase I award winners are considered for Phase II.
- Phase III is the period during which Phase II innovation moves from the laboratory into the marketplace. No STTR funds support this phase. The small business must find funding in the private sector or other non-STTR federal agency funding.
STTR Participating Agencies (these agencies designate R&D topics and accept proposals)
- Department of Defense
- Department of Energy
- Department of Health and Human Services
- National Aeronautics and Space Administration
- National Science Foundation
Create interest in faculty and students to pursue SBIR/STTR funding opportunities.