For many small enterprises searching for commercialization and contracting help, the government SBIR/STTR program provides an excellent opportunity. Join the upcoming SBIR Talks Series on 22nd September 2022 and get a chance to e-meet experts who’ll cover a variety of subjects, including everything you want to know about the SBIR/STTR program.
SBIR Talks Series will answer the following questions:
- What can we conclude about the criteria for winning these prizes?
- What can we do to speed up the submission and evaluation of proposals?
- What factors will determine to win SBIR’s special grant?
- Register for the meeting here.
We Covered this in our Weekly Wire Roundup
The SBIR and STTR Programs
The highly competitive Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs encourage small domestic firms to participate in federal research, development, and commercialization activities. SBIR and STTR allow small firms to explore their technological potential and the motivation to benefit from their commercialization through a competitive awards-based program. Involving qualified small enterprises in the country’s R&D efforts encourages high-tech innovation, instilling an entrepreneurial spirit in the country as it satisfies its unique R&D requirements.
The 3 Phases of SBIR & STTR Programs
After receiving rewards, small firms start a three-phase program. There are three Phases in both the SBIR and STTR programs. After bids are submitted, Agencies decide which ones to accept based on small company eligibility, level of innovation, technical value, and potential future market.
- Phase I is about conceptualization. It enables examination of the technical viability or worth of a technology or idea and lasts six to twelve months.
- Phase II awards may be given for two years and build on Phase I findings. Startups execute the R&D work during this period.
- Phase III is when innovation from Phase II transitions from the lab to the market. SBIR does not support this phase.
The STTR initiative’s collaboration between small enterprises and nonprofit research institutes is at the heart of the partnership. Phase I and Phase II of the STTR program mandate that the small firm formally engage with a research institution. The primary objective of STTR is to close the gap between the application of fundamental science and the commercialization of the innovations that come from it.
The SBIR/STTR programs aim to foster scientific innovation and excellence by allocating federal research funding to vital American objectives that will strengthen the country’s economy. You’ll get a chance to learn everything about the SBIR and STTR programs. Don’t miss out on this SBIR Talk Series on 22nd September at 11 a.m.