Small Business Innovation Research
(SBIR) The Small Business Innovative Research (SBIR) program is designed to harness the innovative talents of our nation's small technology companies (or individual entrepreneurs who form a company) for development and economic strength. The program funds high-risk projects at the earliest stages of development - before companies can attract venture capital - and works with the company through development to the actual commercialization of your product! Over $1 billion will be awarded
to innovative companies this year. Terms are extremely favorable, and
the small business partner keeps the commercial rights to their intellectual
property, such as patents. Funding is awarded competitively, but the
process is streamlined and user-friendly. Each proposer must qualify
as a small business for research and development; that is, at the time
of award of a Phase I or Phase II contract, the number of employees
of the company cannot exceed 500. The Small Business Technology Transfer
Program (STTR) was created to provide funding to small business concerns
for cooperative research and development projects conducted jointly
by small business and a research institution. The project must be responsive
to the needs of specific government agencies. Under the STTR program,
small business must perform no less than 40 percent of the research
and development. Of the remaining 60 percent that can be subcontracted,
a minimum of 30 percent of the research must be conducted by the institutional
partner. Email Tom Trimble at Tom@TheFTC.org for additional information, or for the lastest information on SBIR conferences or events, visit their official website at www.sbirworld.com.
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