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. The workshop will cover the basics of the programs, and how to get started.
March 23, 2017
9:00 am – 12:00 pm
COST: $50 per person
University Enterprise Laboratories
1000 Westgate Drive
(Enter the West Entrance)
St. Paul, Minnesota 55114
Training session will take place in Room 251, easily accessible via the West Entrance.
Special thanks to the Minnesota Lions Eye Bank for their co-sponsorship of these seminars!
Presenter: Ms. Pat Dillon
Ms. Pat Dillon is the director of MN-SBIR that helps seed, early stage, emerging and existing firms to successfully access non-dilutive funding through the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs.
Since 1994, Dillon has been working with innovators and entrepreneurs in their quest for federal funding of technological innovations with commercial potential. Dillon is actively involved in national and state initiatives to support innovation and entrepreneurship in the private sector, the University of Minnesota, Mayo Clinic, and other institutions. Dillon is a member of the Small Business Administration, State Integrated Service Provider Task Force, Washington, DC; a member of the University of Minnesota, Office of Technology Commercialization Business Advisory Group; an advisory board member of the Technological Leadership Institute; a mentor for the Carlson School of Management, STARTUP Course; a frequent contributor to MN-REACH and MIN-CORPS (I-Corps Programs); a MN-CUP Life Sciences Semi-Finalist Committee Member; and panel organizer for the Design for Medical Devices, Government Funding for Startups session at the University of Minnesota, Design for Medical Devices.
Dillon is a 1999 recipient of the prestigious Small Business Administration Tibbetts Award and a 2001 recipient of the City Business’ 25 Most Innovative Woman Award (now the Minneapolis/St. Paul Business Journal). Dillon is a Commander in the United States Navy Reserve with more than 38 years of service (active and reserve) and is currently assigned to the United States Pacific Command, Honolulu, Hawaii. Dillon is a combat veteran having served 10 months in Kabul, Afghanistan in support of Operation Enduring Freedom. Dillon earned a MBA and BS in Business Administration from Winona State University, Winona, MN.