iact july 2013

Merrie London, Manager CT SBIR

• Win more than $1 Million in grants

• Win more than one per year

• Win grants year after year

• Retain your Intellectual Property

• Become “sole source” supplier

What if We Said You could…

You CAN!

“SBIR”

Small Business

Research

WHAT’S IN IT FOR YOU?

A GREAT way to fund the R&D

foryour Start-Up

Company

SBIR

A GREAT way to fund new

product development

for an established company.

SBIR

IT Software CompanySocial Network for solving Cold Cases

Check to see if it existsMissing persons, FBI etc.

Align with Expert team – John WalshDiscuss with Facebook

Talk to an agency that cares

Just Driving Along

Innovative Idea, Great Team, Solve a Problem – Game Changer

The Federal SBIR Program Began in 1982

Essentially . . .

To transfer technology from small

high-tech companies and universities

into government and industry.

SBIR Program

The largest Federal source

of seed capital for early-stage technology

businesses.2,500+ companies

annually.

11 Federal Agencies Participate

Annual Pot = 2.7% Research Budgets

75% Comes from 2 Agencies

50% DOD

25% NIH 25% 9 other

agencies

NASA, DOE, NSF, DHS, USDA, DOC, ED, EPA, DOT

Example: National Science Foundation

2012 Stats $118.3 million grants 48 states represented 632 businesses funded Median company age: 4 years Median # of employees: 5 Supplemental grants available

High Technical RiskHigh Commercial Reward

NSF photo: John Consoli, University of Maryland

11 Federal Agencies

Several Agencies

Respond to an ACTUAL topic or problem that needs to be solved - quite specific

What If YOU Have An Idea?

Propose your idea to these agencies:

Department of Homeland Security

National Institutes of Health National Science Foundation Dept of Energy Dept of Education

Eligibility Overview

US owned – more than 50%, some majority ownership is now allowed

Only Businesses can win (for profit)

500 or fewer employees

Headquartered in US, work done in US

Overview - STTR

Same as SBIR except Cannot be majority owned Partner with research

institution Agreement in place

Principal Investigator May come from the research

institution (expertise)

Up to 60% May go to research institution –

minimum 30%

Chances of Winning

10% - 50%

Phase I: Feasibility Study

up to $150K

Phase II: Develop Prototypeup to $1,000,000

Phase III:Commercialize

Three-Phase Program

6 – 12 month feasibility study

1/3 of all winners have NEVER won before

Generally, you need to win a Phase I to move on to a Phase II

You can win more than one a year – year after year

Competitive – not easy to win

Phase I - $150,000

Build, test and refine a prototype Takes 2 years to complete

Sole source supplier – if agency is willing to purchase

You can win more than one a year – year after year

50% chance of winning a phase II

Phase II - $1,000,000

Must have strong commercialization potential

Phase I + Phase II=

And the good news

is . . .

$1,150,000

It’s not a loan….

Secret to Funding . . .

Solve Problems

Groundbreaking Significance

Find an Agency that Cares

Technology Assessment Reports

Proposal Reviews

New – State Grants!

Don’t LeaveMoney on the Table

ANY Questions???

Merrie London

860-257-2894Merrie.London@ctinnovations.com

865 Brook Street, Building 1Rocky Hill, CT 06067

www.ctinnovations.com