November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 1 Utah’s SBIR-STTR Assistance Program November 6, 2013 Salt Lake City, Utah Grand America Hotel

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 2 Non-equity position dollars 0% Technology ownership 0% Intellectual Property $0 Payback of funds 0 Gotchas (but…rules and hoops) Utah’s SBIR-STTR Assistance Program Financing Your Venture for Research/ Development

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 3 Competitive 3 Phase Program  Phase I = Startup phase $150,000~  6 months  Exploration of the technical merit or feasibility of an idea or technology  Phase II = Research and Development $1,000,000~  Up to 2 years  Developer evaluates commercialization potential  Generally - Only Phase I award winners considered  Phase III = Innovation moves into the marketplace  Funding from private sector or other non-SBIR federal agency funding Utah’s SBIR-STTR Assistance Program Financing Your Venture

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 4 Utah’s SBIR-STTR Assistance Program Financing Your Venture SSAC 28% Win Rate 17% Win Rate Nationally* * SBIR.gov Edit/Review All Elements Document Coordination Submission Assistance Pre-Application: Assess Eligibility Verify Registrations Team Assessment Program Identification Contact Program Manager Commercialization Assessmen t

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 5 Utah’s SBIR-STTR Assistance Program Financing Your Venture 15,000 firms $21 billion in research Resulting in 50,000 patents Microchip – Qualcomm * Irwin Mark Jacobs The grants funded research that led to some of Qualcomm’s most successful wireless technologies. “With one of the grants, we developed some of the first chips we did at Qualcomm, if not the first,” Jacobs said. “Of course, making chips for cellphones is about two-thirds of our revenue today, and that was the base.” POLITICO 2/17/11

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 6 Utah’s SBIR-STTR Assistance Program Financing Your Venture Local Success: Continued Research Ceramatec Turner Innovations/Aribex Attracting partners/funding Jade Therapeutics Veristride Silicon Technologies Inc. ….more!

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 7 Over $2.8 billion in grants Small Business Technology Transfer (STTR) Transfer technology out of research institutions 0.40% of extramural research budgets over $1 billion go to this program Mandated by Congress Funding level is specified by Federal law Small Business Innovation Research (SBIR) 2.8% of extramural research budgets over $100 million go to this program Utah’s SBIR-STTR Assistance Program Financing Your Venture

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 8 Department of Agriculture Department of Commerce Department of Defense Department of Education Department of Energy Department of Health and Human Services Department of Homeland Security Department of Transportation Environmental Protection Agency National Aeronautics and Space Administration National Science Foundation These agencies designate R&D topics and accept proposals during specific deadlines. Utah’s SBIR-STTR Assistance Program Financing Your Venture

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 9 Government Needs Fund Innovation H igh risk Early stage projects “Important/ critical inventions and innovations that may not be considered by other types of venture funding…” Examples: GPS system QualComm chip Flying car or…. a better life vest Utah’s SBIR-STTR Assistance Program Financing Your Venture

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 10 “ It isn’t always about having really unusual technology. Sometimes it’s about being in a position to innovate to solve a specific problem that the DoD or Dept of Ed. needs to address. It’s about having a solution you can propose that fits what people are asking for and having the organization and the wherewithal to put it together and go after it.” Dr. Michael A. Keene Former Utah State Science Advisor and VP at Ceramatec Utah’s SBIR-STTR Assistance Program Financing Your Venture

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 11 Solicitation Search Grant Proposal Guidance Grant Proposal Evaluation Grant Proposal Editing No Match, Keep Trying Match Grant Proposal Submission Utah’s SBIR-STTR Assistance Program Can Help Consultation and/or … Utah’s SBIR-STTR Assistance Program Financing Your Venture 28% Win Rate

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 12 Upcoming Events: Lunch and Learn – Overview of the Program 2 nd Wednesday of Month Free (with cookies provided) Noon – 1:00 Miller Campus/ Salt Lake Community College a Coming in January: UVU Business Resource Center in January Make Your Phase I a Winner – –Full in Sandy – November 14 Utah’s SBIR-STTR Assistance Program Financing Your Venture

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 13 Mary Cardon Linda Cabrales Breanne Johnson Upcoming Deadlines Proudly located at and in partnership with SLCC- Miller Campus National Science Foundation – SBIR: Due December 2 National Science Foundation – STTR: Due December 4 Department of Health/Human Services: Due December 5 Thanksgiving is November 27…

November 2013 Utah’s SBIR-STTR Assistance Center BioUtah 14 Utah’s SBIR-STTR Assistance Program Financing Your Venture Utah’s SBIR-STTR Assistance Center Helps Your Company Win