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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) grants are federal government grants for small businesses that provide research and development funding that leads to a commercial product or service. They represent one of the largest sources of early-stage financing in the United States, 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 get 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/STTR 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% (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, 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
9 Articles
Seed Funding Introduction
Intro to SBIR/STTR
SBIR/STTR Program Phases
Benefits of SBIRs/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 Official to Contact
Grants vs. Contracts
Case Example: Getting Started with an NIH SBIR
Resources to Get Started with SBIR/STTR Funding
Writing and Submitting SBIR/STTR Proposals
4 Articles
Programs to Help with Proposal Writing
Case Example: Applicant Assistance & Technical and Business Assistance Programs
Tips and Resources on Proposal Writing
Proposal Submission
Peer Review Process
4 Articles
The Review Process
Proposal Review Details
Case Example: Post Proposal Review
Proposals Funded and Resubmission
Return to Early Funding
End Resources

This project is funded by National Institute of General Medical Sciences (Grants 1R43 GM131458-01 & 2R GM131458-02)


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