The federal Small Business Innovation Research / Small Business Technology Transfer (SBIR/STTR) programs seek to transform scientific discovery into societal and economic benefit by catalyzing private sector commercialization of technological innovations. The programs increase the incentive and opportunity for startups and small businesses to undertake cutting-edge, high-quality scientific research and development.
Eleven federal agencies provide grants or contracts in phases: a proof-of-concept / feasibility grant (6-12 months, up to $225k) can potentially be followed by a longer development grant or contract (2 years, up to $1.5M). Some agencies offer follow-on funding beyond the second phase.
You can think of an SBIR/STTR grant/contract as angel funding, except it is non-dilutive and federally funded. The company retains the worldwide rights to the intellectual property. By increasing the incentive and opportunity for small firms to undertake cutting-edge, high-risk, high-quality scientific, engineering, or science and engineering education research, the SBIR/STTR programs seek to transform scientific discovery into both social and economic benefit by emphasizing private sector commercialization.
Wednesday, May 31, 2017
9:00 am-12:00 pm – Overview of SBIR/STTR Programs Training Working
1:00 pm-5:00 pm – One-on-one private, confidential meetings (appointment only)
Location: Small Business Development Center, Minnesota State University, Mankato, 424 N Riverfront Dr, Suite 210, Mankato, MN 56001.
Cost: $25 per person