SBIR/STTR are programs of the federal government that provide seed funds to small businesses to support research and development with potential for commercialization.
The distinctions between SBIR and STTR are:
- SBIR funds small early stage businesses that are developing and want to commercialize innovative biomedical technologies.
- STTR fund small businesses that are developing and want to commercialize innovative biomedical technologies in collaboration with a non-profit research institution. The business must perform at least 40% of the work and the research institute must perform at least 30%.
