We value diverse perspectives in biomedical innovation and strive to empower scientists and entrepreneurs to bring their discoveries to patients. Move your cutting-edge technology one step closer to market via technical and business assistance programs and hands-on support from industry experts.
Communication is key when applying for a grant or receiving an award. Who to talk to and when depends on where you are in the process. We support research and development of deep technologies - those that are based on discoveries in fundamental science and engineering. As we review applications, we consider your technology's innovativeness, commercial potential, and possible societal impact. Human cells can tell the difference between a petri dish and a human body.
This can make developing treatments in the laboratory very difficult because treatment that works in a lab sample could fail when given to a patient. Learn more about each IC and the area of research in which they focus to find the best fit for your innovation. An official website of the United States government Here's how you know.
Federal government websites often end in. Small Business Funding. Do not leave the recognition of your innovation to the imagination of the reviewers.
You must be explicit. As you can see, small businesses participating in the SBIR or STTR program receive many benefits: you receive funding with no strings attached — you do not give up equity in your company, you do not give up rights to the intellectual property, you do not return the funding — as this is not a loan. What is expected is good research that will lead to a commercial product and that will benefit the Nation.
True or False? The SBIR program is not intended to fund technical approaches that are unproven and involve a high element of risk. Skip to main content. You are here Home. Course 1. R Research. Department of Agriculture. Department of Health and Human Services. The SBIR program is structured with three gated phases. Securing a Phase I award is pretty competitive, below is some data from the DoD proposals in The government provides this data going all the way back to The Phase I is mostly a research component, maybe some prototyping to prove feasibility of your initial proposal.
Phase II is the component that can really give life to your business, and more importantly, your technology. Phase III is the component when the small business successfully commercializes the technology.
This is ultimately the goal for the government and it should be the goal for the small business too. Securing a Phase III "award" indicates that the government made a successful investment in a growing small business which is now helping grow the US economy. Phase III's are not funded with SBIR dollars, the funding is provided by "programs of record" that are procuring your technology, product or service. Small businesses are quantified as those with fewer than employees.
All work must be done in the U. Companies with a minority venture capital VC , hedge fund or private equity owner can participate in the SBIR program. On the surface, no. There are not too many external funding options for your company, besides SBIR, that let you keep your intellectual property, are non-dilutive to your equity and don't require you to take on debt.
But there are a few subtle "catches" with going after SBIR awards that our company has fallen victim to in the past. The challenges that we have seen are a lack of focus, loss of time and challenges with commercialization. The SBIR program can be very attractive: they pay, you own. You have a built in customer if you can successfully execute the SBIR. It feels like a can't lose scenario. However, if you reach to far or to often, proposing on topics that are not fully aligned with your company's strategic initiatives and goals, the SBIR program can cause you to be unfocused as a business.
This can slow you down and starve your key technology and product development efforts of their life blood As mentioned previously the SBIR program is a gated three phase program. In our company's experience the time to get to a successful Phase III can take up to 8 years. You read that correctly, 8 years. The government does not move quickly, especially when integrating a new technology. From proposal to the end of Phase II the typical amount of time is 3.
There is often some downtime between the Phase I and Phase II, we have had instances where that downtime can be over a year. But the real time killer can be after the Phase II where you are working with the government to try and commercialize the technology.
To be fair to the US government I've seen this challenge hold true working with large corporate organizations as well. Commercializing and selling technology and products to the government is hard. This is often compounded with the fact that the small business's often do not have the experience or skills needed to make commercialization happen.
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