SBIR Grants: How to Get Your New Business Funded and Commercialized.

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Presentation transcript:

SBIR Grants: How to Get Your New Business Funded and Commercialized

OCTANe

501 (c) 6 Business Non-Profit 501 (c) 3 Charitable Non-Profit

Proprietary and Confidential LaunchPad Output Summary Report

Top 16 Reasons Why Companies Don’t Get Funded PeopleProductMarketModel CEO Personality Unproven Technology Market Too SmallNot Profitable Inexperienced Not Coachable No Team No Real Problem Technical Overkill No Sustainable Competitive Advantage Flat or Declining Market Competitive Landscape Partner Dependencies Unrealistic Assumptions High Customer Acquisition Costs Product v. Company

NIH SBIR/STTR Awards by Region $ Millions

Characteristics of SBIR/STTR grants 12 Federal Agencies (2.8% of Federal R&D Budget) Must be US-based small business Non-Governmental Application Agriculture Commerce Defense Education Energy HHS (note: NIH) Homeland Security Transportation Environmental Protection NASA NSA

Types and Phases SBIR – Small Business Innovative Research STTR – Small-business Technology Transfer –Collaboration required between university & small business –PI can be university researcher Grants in phases –Phase I – Proof of Concept: $75-$100K –Phase II – R&D: $750K- $1.5M

Preparing the SBIR/STTR Proposal Identify Grant: Identify PI (from company for SBIR) –Should be competent / experienced –Should not be over extended Identify Grant Writer (100 hours) –Company must submit the proposal (not the university) –Company must register in electronic submission systems Register on Electronic Submission Systems

OCTANe and UCI Office Hours at Calit2 –Wednesdays 1:30-5 P.M. Contact Information –Paul Symczak, Vice President Entrepreneurship –Matthew Jenusaitis