Answer the questions below to gauge your company’s readiness to pursue SBIR/STTR funding.
- Does your business meet the SBIR/STTR requirements for size, annual revenue and ownership limitations and restrictions?
- Will the proposed work be conducted in the US?
- How does your proposed technology address an existing need in the field of interest?
- Has the need for the technology or application of technology been identified and quantified? (Measuring the need for the technology requires research of current scientific resources.)
- Is the technology state-of-the-art?
- How does it compare to existing or alternate technologies?
- Is the ability of the principal investigation (PI) clearly established through his or her education and research/work background?
- Do you need staff with expertise in teh technological field of interest to perform the proposed work effort beyond the PI?
- What particular skill set or level of expertise can each staff member contribute to the project?
- Does your PI meet the statutory employment requirements of the SBIR and STTR programs?
- What specific objectives of the project can be completed in six months for $100,000?
- Have you outlined an action plan with task-specific due dates and personnel in charge of each task?
- Have alternative technologies or methods for using the proposed technology been identified?
- Have you conducted a review of scientific literature related to the proposed project?
- Have you studied sample SBIR/STTR proposals?
- Have you reviewed the specific SBIR/STTR program critieria for each federal agency of interest?
- Do the aims of your proposal match with agency missions?
- Have you investigated previous SBIR/STTR awards given to companies that have conducted similar research in the past?
Searching through previous award winners can reveal specific areas of interest for each federal agency.
- Where do you intend to market your product?
- What is the potential size of the customer market? Approximately how many people will benefit from this product?
- What kind of relationships have you developed with potential customers?
- Who are the potential competitors in the market? Who are potential partners?
- What steps have you taken towards intellectual property (IP) protection?
- Does the project have the potential to receive additional funding by angel groups, venture capitalists or other sources?
- Has the technological innovation been reviewed by outside sources to evaluate its potential?
- What are the anticipated commercial and societal benefits of the proposed activity?
- If the objectives of the project are achieved, how will scientific knowledge be enhanced?