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MR. PAUL ARLTON
PresidentLite Machines Company
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SBIR / STTR’s What they are
and What they can do for you
Paul ArltonPresident / Senior Engineer
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History of Lite MachinesHistory of Lite Machines
Lite Machines 1991Lite Machines 1991 Vertically Integrated CAD/CAM/CNC LMH-100 Over 15,000 sold Over 3,000,000 parts
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History of Lite MachinesHistory of Lite Machines Lite Machines 1991Lite Machines 1991
Vertically Integrated CAD/CAM/CNC LMH-100 Over 15,000 sold Over 3,000,000 parts
Lite Machines 1999Lite Machines 1999
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History of Lite MachinesHistory of Lite Machines
Lite Machines 1999Lite Machines 1999 Idea for military
Unmanned Aerial Vehicle (UAV)
Applied for Broad Area Announcement (BAA)
Small fish in BIG pond
1 of 15,000 applicants
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History of Lite MachinesHistory of Lite Machines
Lite Machines 2004Lite Machines 2004 Refocused on finding
funding for the idea Looked toward
SBIR/STTR for opportunities
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Small Business Innovative ResearchSmall Business Innovative Research Small Business Technology TransferSmall Business Technology Transfer
Small tech businesses with < 500 employees Move ideas into the marketplace DOD will fund approx $1.079 billion* in FY 2005
* out of the total $2 billion for all SBIR programs
But what are SBIR/STTR’s?But what are SBIR/STTR’s?
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Phase IPhase I 6-9 month contracts $70,000 - $100,000
Phase IIPhase II 2 year contracts $500,000 - $750,000
Phase IIIPhase III Commercializing the idea Must find outside funding Project organizer will often help here
Structure of SBIR/STTR’sStructure of SBIR/STTR’s
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Good news / Bad newsGood news / Bad news
ProsPros Money with few strings attached State may provide matching funds Allows small business to compete with big Accelerates development with true R&D dollars Develops University / Government relationships
ConsCons Possible Intellectual Property issues Slow payment Long term commitment Documentation / Paperwork
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Where to BeginWhere to Begin
Number of different organizations for SBIRsNumber of different organizations for SBIRs Predominate ones include:
National Science Foundation (NSF) Department of Energy (DOE) Department of Defense (DOD)
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Where to BeginWhere to Begin
Search the WWW For DOD:
http://www.dodsbir.net/
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What can an SBIR do for you?What can an SBIR do for you?
Start with an idea Identify a need / market Inject capital needed to
move project forward
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