SBIR/STTR Program

The SBIR/STTR Program provides grant funding for small businesses to pursue research and development.

Program Description

Congress created the Small Business Innovation Research (SBIR) Program in 1982. The Small Business Innovative Research (SBIR) is designed to stimulate innovative research by small businesses while providing government agencies with new, cost-effective solutions to technical and scientific problems. Over $2.5 billion in SBIR and Small Business Technology Transfer (STTR) funds are available each year to qualifying companies, making these the largest pool of seed-stage R&D money available. ¬†SBIR and STTR opportunities exist for a very broad range of projects, offered in an understandable structured manner with little red-tape, making these grants the “best in class”.

Eligibility

  • Company must be organized for profit
  • Employ fewer than 500 people
  • Independent of large company control
  • Predominantly U.S. owned
  • Willingness perform project work in the U.S.

Some things to remember:

  • The proposal must solve a problem
  • The work must be truly innovative
  • Works best with principal investigator (or a partner) with recognized expertise
  • Retain IP and equity
  • Long time frames to obtain grant
  • The Idaho SBDC has a full-time SBIR Project Manager here to help you navigate through this process.

Learn more:

 

Wonder if you’re ready for this program? ¬†Click here for an SBIR Readiness Self-Assessment.