When you come up a innovative idea that potentially can change the current tech market and enhance people’s life, why not chase your dream and bring your idea to market. Of course, you need funding to prove your idea and prototype your products. The Small Business Administration provided billions of dollars annually to creative research and development.
The SBIR Program(https://www.sbir.gov/) is a highly competitive program that encourages U.S. small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.
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 (R/R&D) with the potential for commercialization. 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.
Central to the STTR program is the 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. STTR’s most important role is to bridge the gap between performance of basic science and commercialization of resulting innovations.
SBIR Mission and Program Goals
The mission of the SBIR Program is to support scientific excellence and technological innovation through the
investment of federal research funds in critical American priorities to build a strong national economy. The goals of
the SBIR Program are to:
Stimulate technological innovation;
Meet Federal Government R/R&D needs;
Foster and encourage participation in innovation and entrepreneurship by women and socially and economically disadvantaged persons; and
Increase private-sector commercialization of innovations derived from federal R/R&D funding.
Participating Agencies
The following 11 federal agencies participate in the SBIR Program (Participating Agencies):
Department of Agriculture (USDA);
Department of Commerce (DOC);
Department of Defense (DoD);
Department of Education (ED);
Department of Energy (DOE);
Department of Health & Human Services (HHS);
Department of Homeland Security (DHS);
Department of Transportation (DOT);
Environmental Protection Agency (EPA);
National Aeronautics & Space Administration (NASA); and
National Science Foundation (NSF).
The graphic illustration of statistic data of funding by year, states, agencys
