$250,000 for Inventors

The Small Business Innovative Research Program (SBIR) stimulates technological innovation, encourages small science and technology based firms to participate in government funded research, and provides incentives for converting research results into commercial applications. The program is designed to stimulate technological innovation in this country by providing qualified U.S. small business concerns with competitive opportunities to propose innovative concepts to meet the research and development needs of the Federal government. Eleven federal agencies with research and development budgets greater than $100 million are required by law to participate: The Departments of Defense, Health and Human Services, Energy, Agriculture, Commerce, Transportation, and Education; the National Aeronautics and Space Administration; the National Science Foundation; the Nuclear Regulatory Commission; and the Environmental Protection Agency.

Businesses of 500 or fewer employees that are organized for-profit are eligible to compete for SBIR funding. Non-profit organizations and foreign owned firms are not eligible to receive awards, and the research must be carried out in the U.S.All areas of research and development solicit for proposals, and the 2004 awards for SBIR were over $2 billion.

There are three phases of the program: Phase I determines whether the research idea, often on high risk advanced concepts, is technically feasible; whether the firm can do high quality research; and whether sufficient progress has been made to justify a larger Phase II effort. This phase is usually funded for six months with awards up to $100,000. Phase II is the principal research effort, and is usually limited to a maximum of $750,000 for up to two years. Phase III, pursues potential commercial applications of the research funded under the first two phases, and is supported solely by nonfederal funding, usually from third party, venture capital, or large industrial firms. SBIR is one of the most competitive research and development programs in the government today. About one proposal out of ten received is funded in Phase I.

Generally, about half of these receive support in Phase II. Solicitations for proposals are released once a year (in a few cases twice a year) . To assist the small business community in its SBIR efforts, the U.S. Small Business Administration publishes the Pre-Solicitation Announcement (PSA) in December, March, June, and September of each year. Every issue of the PSA contains pertinent information on the SBIR Program along with details on SBIR solicitations that are about to be released. This publication eliminates the need for small business concerns to track the activities of all of the federal agencies participating in the SBIR Program. In recognition of the difficulties encountered by many small firms in their efforts to locate sources of funding essential to finalization of their innovative products, SBA has developed the Commercialization Matching System. This system contains information on all SBIR awardees, as well as financing sources that have indicated an interest in investing in SBIR innovations. Firms interested in obtaining more information on the SBIR Program or receiving the PSA, should contact the Office of Technology, Small Business Administration, 409 3rd St., SW, MC/6470, Washington, DC 20416; 202-205-6450; http://www.sba.gov/sbir/indexsbir-sttr.html

 

Income Eligibility: None

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