iact july 2013
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TRANSCRIPT
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
865 Brook Street, Building 1Rocky Hill, CT 06067
www.ctinnovations.com