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Small Business Innovation Research Program (SBIR)

Small Business Innovation Research Program (SBIR). Presented by Sharina Broughton. Overview. SBIR STTR Benefits Qualifications Funding Agencies Three Phase Program Writing a Proposal Submitting a Proposal FAST Track. What is SBIR?. Highly competitive program

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Small Business Innovation Research Program (SBIR)

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  1. Small Business Innovation Research Program (SBIR) Presented by Sharina Broughton

  2. Overview • SBIR • STTR • Benefits • Qualifications • Funding Agencies • Three Phase Program • Writing a Proposal • Submitting a Proposal • FAST Track

  3. What is SBIR? • Highly competitive program • Provides funding for small technology businesses (or individual entrepreneurs who form a company • Encourages exploration of technical potential of ideas • Rewards innovation • Funding available from 10 federal agencies

  4. What is STTR? • Highly competitive program • Provides funding for small businesses working cooperatively with researchers at universities and other research institutions • Includes a joint venture between small business and nonprofit research institutions • Funding limited to five federal agencies

  5. Benefits • By helping thousands of small businesses compete for federal research and development awards, SBIR has • Enhanced nation’s defense • Protected our environment • Advanced health care • Improved ability to manage and manipulate data

  6. Small Businesses Gain. . . • Funding • Credibility • Visibility • Ownership of intellectual property • Full equity ownership

  7. Eligibility Requirements • American owned • Independently operated • For-Profit • Principle researcher employed by business • Less than 500 employees

  8. Size of Businesses that Win

  9. SBIR Agencies Department of Agriculture $13.3(1999) Department of Commerce $7.5(1999) Department of Education $5.3(1999) Department of Transportation $7.4(1998) Environmental Protection Agency $5.6(1997) SBIR/STTR Agencies Department of Defense $540(2000) Department of Energy $80(2000) Department of Health and Human Services $307(1999) National Aeronautics and Space Administration  $89.1(1999) National Science Foundation $56(1999) Departments and Funding (in millions) • Note: Applications may be submitted to different agencies for similar work

  10. Three Phase Program

  11. Phase I: Project Feasibility • Startup phase • Awards up to $100,000 for six months • Supports exploration of technical merit or feasibility of an idea

  12. Phase II:Project Development to Prototype • Expansion of Phase I • Must complete Phase I • Awards up to $750,000 for as long as two years • Research and development work performed • Developer evaluates

  13. Phase III: Commercialization • Expansion of Phase II • Must complete Phase II • No funding • Must find funding from private sectors or other non SBIR federal funding agency • Transition from laboratory to marketplace

  14. SBIR Phases vs. STTR Phases Source: http://www.acq.osd.mil/sadbu/sbir/overview/index.htm

  15. Tips for Writing a Proposal

  16. Proposal Components • Problem • Significance of problem • Solution • Impact of solution • Technical objectives • Detailed work schedule

  17. Why should they choose your company? • Credibility • Experience in related area • Qualifications of key personnel consultants and facilities

  18. Key Factors in Proposal Writing • Originality • Quality • Benefits • Expertise • Feasibility

  19. FAST Track Federal and State Technology Partnership Program

  20. What is FAST Track? A competitive grants program where outside investors match SBIR/STTR Phase II funding in order to accommodate for the period between Phase I and Phase II in which there is no funding

  21. Requirements • Phase II award • application form • Commitment letter submitted by investor • Revised statement of work (SOW) for Phase I • Revised cost proposal for the Phase I option to reflect additional matching funds • Phase I status report (less than four pages)

  22. Summary • SBIR is a good start to funding a small business and gaining notoriety • In order to compete for funding, businesses must be able to convince panel of the company’s credibility and inventiveness • FAST Track is a good way to fill the funding gap between Phase I and Phase II

  23. References • SBIR/STTR: • http://app1.sba.gov/faqs/faqindex.cfm?areaID=9 • http://www.acq.osd.mil/sadbu/sbir/ • FAST Track: • http://sba.gov/sbir/indexfast.html • http://enterprise.spawar.navy.mil/sbir/ov_ft.htm • http://www.sbirhelpdesk.com/fastTrack.asp • http://www.dodsbir.net/fasttrack/form.html • http://www.toolkit.cch.com/text/P09_4336.asp

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