We are inviting you to join Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) virtual workshop. We are hoping to bring Rensselaer research community and (later) industry representatives together:
- to learn about the funding opportunities for Small Business Innovation Research and Small Business Technology Transfer programs.
- to foster collaborations between small businesses and research community
- to provide support on key topics to create an attractive proposal.
GENERAL INFORMATION:
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are highly competitive programs that encourage domestic small businesses to engage in Federal Research/Research and Development with the potential for commercialization. Each year, federal funding agencies (NSF, NIH, DoE, DoD, DoT, NASA) are required to allocate a portion of their research and development budget to award small high-technology businesses.
Through a competitive awards-based program, SBIR and STTR enable small businesses to explore their technological potential and provide the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated, and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
STTR program supports to create partnership between small businesses and nonprofit research institutions. The STTR program requires the small business to formally collaborate with a research institution in Phase I and Phase II. Its most important role is to bridge the gap between science and engineering research and commercialization of resulting innovations.
SBIR is a three-tiered program with the following award stages:
Phase I: These awards are usually below $150,000 and cover a time frame of less than 6 months. During this initial stage, the small business and sponsoring agency explore the feasibility of the project in order to get a better sense of its commercial potential and technical requirements.
Phase II: These awards are only available to small businesses that already received Phase I awards. Phase II enables a longer-term commitment. Awards can be made for up to $1 million for two years. During this period, R&D is expanded and commercial viability can be assessed.
Phase III: During this stage, innovations transition from the lab to the market, and small businesses begin the search for private sector investment. Keep in mind that the SBIR program does not fund Phase III; funding comes from private sources or other government grants. (source: https://www.sbir.gov)
PRESENTERS:
CHULSUNG BAE, Professor, Department of Chemistry
JACK HUANG, Director, Grants and Compliance, Office for Research
JASON KURUZOVICH, Professor, Academic Director, Severino Center for Technological Entrepreneurship
WHO CAN ATTEND:
CMDIS SBIR/STTR Workshop I aims to bring Rensselaer affiliated audience to provide a general information session on the programs, opportunities, and ongoing entrepreneurship activities in campus. This workshop will be followed with a second one (April 13th, Wednesday, 1:30pm-3:00pm) with the inclusion of other stakeholders. Event is open to researchers, junior / senior faculty.
DATE/TIME:
03/16/2022, Wednesday, 1:30pm-3:00pm via Webex, (Password: 12345)
No cost, pre-registration required.
CONTACT: Please direct your questions and comments to rended3@rpi.edu.