inventor’s conference april 2008 powell, wy kelly haigler cornish
DESCRIPTION
Funding for Innovative Research-Based Small Businesses. Inventor’s Conference April 2008 Powell, WY Kelly Haigler Cornish. Funding Challenges. High Risk Funding Sources Banks Investor Friends and Family Angels Venture Capitalists. SBIR/STTR Grants & Contracts. No Repayment - PowerPoint PPT PresentationTRANSCRIPT
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Inventor’s ConferenceApril 2008Powell, WYKelly Haigler Cornish
Funding for Innovative Research-Based Small Businesses
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Funding Challenges
• High Risk• Funding Sources– Banks– Investor • Friends and Family• Angels• Venture Capitalists
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SBIR/STTR Grants & Contracts
• No Repayment• No Debt Service• No Equity Forfeiture • No IP Forfeiture• Support for Commercialization
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SBIR/STTR Program Highlights
• SBIR (Small Business Innovation Research) • STTR (Small Business Technology Transfer)• National competition sponsored by 11 federal
agencies• Provide federal agencies with innovative
concepts and solutions to government needs• Stimulate innovation & job creation in the
nation’s small business sector (60%)
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How Much Money?
• SBIR • 2.5% R&D funding of the qualifying federal
agencies• Approximately 2.2 Billion
• STTR • .3% R&D funding of the qualifying federal agencies• Approximately 250 Million
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Which Agencies Participate?
Other is: DHS , USDA, EPA, DOC, ED, DOT
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SBIR/STTR is a 3-Phase Program
PHASE II
• Prototype Development
• Up to $750K and 2-year Award
PHASE III Commercialization Stage Use of non-SBIR/STTR Funds
PHASE I
• Feasibility Study
• Up to $100K and 6-month Award (12 months for STTR)
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SBIR/STTR Program Eligibility
• Small business organized for profit• At Least 51% U.S. owned & independently
operated• Located in the U.S.• Fewer than 500 employees
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Eligibility Continued
• Must partner with a university, federally-funded R&D center, or nonprofit research institution
• Small Business-40% of work; research institute-30% of work
• Small Business manages STTR funding agreement
• PI can be employed by either the Small Business or the Research Institute
• Principal investigator (PI) primarily employed with the small business
• During Phase I, a minimum of 2/3 of the effort must be performed by the proposing firm
• During Phase II a minimum of ½ of the effort
SBIR Eligibility STTR Eligibility
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Granting Agencies
• Investigator initiate approach• Less-specific topics• More flexibility
Contracting Agencies
• Agency establishes plans, protocols, requirements
• Highly focused topics• Procurement mechanism
for DOD and NASA• More fiscal requirements
Agency Differences
DOD HHS/NIHNASA EDEPA DOT
DOC
HHS/NIH NSF ED USDA DOE
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More Agency Differences
http://www.zyn.com/sbir/scomp.htm
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How Do I Participate?
• Annually, each agency releases an electronic solicitation listing topics www.zyn.com
• Small business selects topic best suited for their innovative concept
• Small business prepares a proposal following solicitation guidelines
• Submit proposal on or before due date.
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very competitive…
Depending on the agency, 8-15% of the Phase I proposals and
40-50% of the Phase II proposals are funded…
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…and not for everyone
• Principal Investigator and team must be qualified • Concept must be innovative and address a
specific topic of interest to the federal agency• Innovation must have commercial potential• Only research and development - no sales,
marketing or manufacturing costs• Proposal preparation is a daunting task• Computer literacy required• Process is slow
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Wyoming’s Performance
During the first 17 years of this program• Wyoming small businesses received a total of $5.5 million.
During 2006/2007 of this program• 13 Wyoming small businesses received 20 awards and
a total of $7.4 million.
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Wyoming SBIR/STTR Initiative
WSSI is an economic diversification program funded by The Wyoming Business Council and administered by The University of Wyoming Office of Research and Economic Development
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What Does WSSI Do?
• Provides state-wide outreach on an individual basis to encourage small business SBIR & STTR participation
• Conducts state-wide conferences and workshops providing opportunities to meet with federal agency program specialists and Wyoming award winners.
• Provides one-on-one guidance in the preparation of competitive proposals.
• Publishes a monthly e-newsletter with current information on agency solicitations, due dates, regional and national conferences and workshops, a listing of additional resources, and other SBIR/STTR news and topics of interest.
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Phase 0 Program
• Up to $5,000 Contract• 24 Contract Awards per year – 2/month• Modeled after the federal program• Competitive Process prepares you for the SBIR competition• Reviewer feedback giving guidance for subsequent proposal
preparation• Proposals due on the first day of each month• Award notification on the 10th day• Mentoring for Phase I proposal preparation from successful
SBIR/STTR award winners
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Pre-Phase 0 Workshop
PrePhase 0/Phase I Workshop “Getting Ready To Write”
The workshop will focus on preparing Phase 0 and Phase I SBIR proposals with an emphasis on the solicitations from NSF, DoD, EPA, USDA, NASA & NIH.
Date: April 17Time: 10:00 to NoonCost: FreeRegistration Deadline: Thursday, April 10, 2008 (extended for conference attendees until Monday 14, 2008)
Participants will need a phone and computer to fully participate in the workshop.
https://uwadmnweb.uwyo.edu/SBIR/OnlinePrePhase0.html
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How to Keep Up-to-date
• WSSI Electronic Newsletter– Updates (award winners, etc.)– Agency openings/closings– Upcoming conferences, etc.
• Sign Up for the WSSI Electronic Newsletter by sending an email to [email protected]
• www.uwyo.edu/sbir
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Wyoming Business
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Questions?
Eugene (Gene) WatsonProgram Manager307-742-7162307-760-0456 [email protected]
Kelly Haigler CornishOutreach Coordinator307-766-29041-866-703-3280 [email protected]
Contact Information