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Home › Topics › Early Funding › SBIR/STTR: A Major Source of Seed Money

Intro to SBIR/STTR

Topics Early Funding SBIR/STTR: A Major Source of Seed Money Intro to SBIR/STTR

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Funding

The SBIR and STTR are federal government seed funds for small businesses that provide research and development funding that leads to a commercial product. They represent one of the largest sources of early-stage financing in the U.S., accounting for approximately $2.5 billion in funding to small businesses per year. Scientists obtain SBIRs/STTRs by writing grant proposals and submitting them for review in a competitive process to obtain funding for innovative technology development. The National Institute of Health (NIH) and the National Science Foundation (NSF) fund most life sciences/biomedical technology SBIRs/STTRs.

  • SBIR money is not a loan. No repayment is required.
  • The agencies providing the funds have 0% equity in your business, so you still own 100% of your company (non-dilutive funding). Some other seed funds do impact your business shares (dilutive funding).
  • Because of an interest in innovation rather than making a profit themselves, the SBIR program tolerates more risk and funds ventures earlier than venture capitalists.

Source: Small Business Administration: SBIR.gov

Resource

About Small Business Opportunities – This NCATS resource has good descriptions on SBIR and STTR program benefits and differences as well as other small business programs.

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SBIR/STTR: A Major Source of Seed Money
8 Articles
Seed Funding Introduction
Intro to SBIR/STTR
Benefits of SBIR/STTRs Beyond Money
Distinctions Between SBIR and STTR
Government Agencies That Fund SBIRs/STTRs
Tips from Entrepreneurs on Seed Money
Case Example: Before Starting an SBIR Proposal
Resources on Seed Money
Starting an SBIR/STTR Proposal
6 Articles
Steps in the SBIR/STTR Application Process
Getting Started with an SBIR: Tips & FAQs
Which Agency and Program Officer to Contact?
Funding Opportunities
Case Example: Getting Started with an NIH SBIR
Resources to Get Started with SBIR/STTR Funding
Writing and Submitting SBIR/STTR Proposals
5 Articles
SBIR/STTR Program Phases
Programs to Help with Proposal Writing
On Proposal Writing
Resources on SBIR Proposals
Proposal Submission
Peer Review Process
4 Articles
Core Proposal Review Criteria
The Review Process
Case Example: Monique Post Proposal Review
Proposals Funded and Resubmission
Return to Early Funding

This project is funded by National Institute of General Medical Sciences (Grant #1 R43 GM131458-01)


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