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Alternative Funding:  Bootstrapping to Survival and Success Government Funding Sources Presented By Nick Lawrence  
…Agenda As a result of this presentation, you will learn… The THREE PRIMARY GOVERNMENT PROGRAMS and the SPECIFIC AGENCIES that provide financial aid to technology-driven small businesses Where to go to receive the ADDITIONAL INFORMATION needed to participate in these federally-funded programs The ADVANTAGES of participating in these federally-funded programs
                                                                        ,[object Object]
 Provides up to $850,000 in early-stage R&D funding directly
 To small companies (or individual entrepreneurs who form a company)
 To small companies working cooperatively with researchers at universities and other research institutions
 Provides up to $600,000 in early-stage R&D funding …3 Primary Programs ,[object Object]
 Fast Track offers an opportunity to obtain a match of between $1 and $4 in DoD SBIR/STTR funds for every invested $1
 Provides a higher probability of SBIR/STTR award than standard award,[object Object]
Phase II (Prototype Development) Awards of up to $750,000, for as many as 2 years. During this phase, the R&D work is performed and the developer evaluates commercialization potential. Only Phase I award winners are considered for Phase II
Phase III (Commercialization) No SBIR funds support this phase. The small business must find funding in the private sector or other non-SBIR federal agency funding ,[object Object]

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Govt Funding

  • 1. Alternative Funding: Bootstrapping to Survival and Success Government Funding Sources Presented By Nick Lawrence  
  • 2. …Agenda As a result of this presentation, you will learn… The THREE PRIMARY GOVERNMENT PROGRAMS and the SPECIFIC AGENCIES that provide financial aid to technology-driven small businesses Where to go to receive the ADDITIONAL INFORMATION needed to participate in these federally-funded programs The ADVANTAGES of participating in these federally-funded programs
  • 3.
  • 4. Provides up to $850,000 in early-stage R&D funding directly
  • 5. To small companies (or individual entrepreneurs who form a company)
  • 6. To small companies working cooperatively with researchers at universities and other research institutions
  • 7.
  • 8. Fast Track offers an opportunity to obtain a match of between $1 and $4 in DoD SBIR/STTR funds for every invested $1
  • 9.
  • 10. Phase II (Prototype Development) Awards of up to $750,000, for as many as 2 years. During this phase, the R&D work is performed and the developer evaluates commercialization potential. Only Phase I award winners are considered for Phase II
  • 11.
  • 12. Phase II(Prototype Development) Awards of up to $500,000, for as long as 2 years, expand Phase I results. During this period, the R&D work is performed and the developer begins to consider commercial potential. Only Phase I award winners are considered for Phase II
  • 13.
  • 14. Receive interim funding of $30,000 to $50,000 between phases I and II
  • 15. Be evaluated for phase II award under an expedited process
  • 16.
  • 17. …Primary Sources of Defense-Related Funds For additional information on defense related sources of funds : http://www.dtic.mil/ Central facility for the collection and dissemination of scientific and technical information for the Department of Defense http://www.fbodaily.com FedBizOpps (FBO) is the official listing of all Federal government contracting opportunities and awards over $25,000
  • 18. …Primary Sources of Non-Defense Funds
  • 19. For additional Information on non-defense related sources of funds: http://www.science.gov/ Science.gov is a gateway to authoritative selected science information provided by U.S. Government agencies, including research and development results (search topics & databases) http://www.pnl.gov/edo/sbir.stm A free service that provides bi-weekly notification of SBIR/STTR news and information
  • 20.
  • 21. Companies retain the intellectual property rights to technologies they develop under these programs
  • 22. SBIR/STTR is for small businesses only (“Broad Agency Announcements” accept proposals from businesses of all sizes)
  • 23. While meeting contract requirements, Companies quickly develop critical management capability
  • 24. formal planning & scheduling
  • 28. Companies have the opportunity to be mentored by highly qualified government technical representativesSBIR / STTR…the best kept secret for sources of funds and other assistance for small business