Iact july 2013

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Iact july 2013

  1. 1. Merrie London, Manager CT SBIR
  2. 2. • Win more than $1 Million in grants • Win more than one per year • Win grants year after year • Retain your Intellectual Property • Become “sole source” supplier What if We Said You could… You CAN!
  3. 3. “SBIR” Small Business Research
  4. 4. WHAT’S IN IT FOR YOU?
  5. 5. A GREAT way to fund the R&D for your Start-Up Company SBIR
  6. 6. A GREAT way to fund new product development for an established company. SBIR
  7. 7. IT Software Company Social Network for solving Cold Cases Check to see if it exists Missing persons, FBI etc. Align with Expert team – John Walsh Discuss with Facebook Talk to an agency that cares Just Driving Along Innovative Idea, Great Team, Solve a Problem – Game Changer
  8. 8. The Federal SBIR Program Began in 1982 Essentially . . . To transfer technology from small high-tech companies and universities into government and industry.
  9. 9. SBIR Program The largest Federal source of seed capital for early-stage technology businesses. 2,500+ companies annually.
  10. 10. 11 Federal Agencies Participate
  11. 11. Annual Pot = 2.7% Research Budgets
  12. 12. 75% Comes from 2 Agencies 50% DOD 25% NIH 25% 9 other agencies NASA, DOE, NSF, DHS, USDA, DOC, ED, EPA, DOT
  13. 13. Example: National Science Foundation 2012 Stats  $118.3 million grants  48 states represented  632 businesses funded  Median company age: 4 years  Median # of employees: 5  Supplemental grants available High Technical Risk High Commercial Reward NSF photo: John Consoli, University of Maryland
  14. 14. 11 Federal Agencies Several Agencies  Respond to an ACTUAL topic or problem that needs to be solved - quite specific
  15. 15. What If YOU Have An Idea? Propose your idea to these agencies:  Department of Homeland Security  National Institutes of Health  National Science Foundation  Dept of Energy  Dept of Education
  16. 16. Eligibility Overview  US owned – more than 50%, some majority ownership is now allowed  Only Businesses can win (for profit)  500 or fewer employees  Headquartered in US, work done in US
  17. 17. Overview - STTR Same as SBIR except  Cannot be majority owned  Partner with research institution  Agreement in place  Principal Investigator  May come from the research institution (expertise)  Up to 60%  May go to research institution – minimum 30%
  18. 18. Chances of Winning 10% - 50%
  19. 19. Phase I: Feasibility Study up to $150K Phase II: Develop Prototype up to $1,000,000 Phase III: Commercialize Three-Phase Program
  20. 20.  6 – 12 month feasibility study  1/3 of all winners have NEVER won before  Generally, you need to win a Phase I to move on to a Phase II  You can win more than one a year – year after year  Competitive – not easy to win Phase I - $150,000
  21. 21.  Build, test and refine a prototype  Takes 2 years to complete  Sole source supplier – if agency is willing to purchase  You can win more than one a year – year after year  50% chance of winning a phase II Phase II - $1,000,000 Must have strong commercialization potential
  22. 22. Phase I + Phase II= And the good news is . . . $1,150,000
  23. 23. It’s not a loan….
  24. 24. Secret to Funding . . . Solve Problems Groundbreaking Significance Find an Agency that Cares
  25. 25. Technology Assessment Reports Proposal Reviews New – State Grants!
  26. 26. Don’t Leave Money on the Table
  27. 27. ANY Questions??? Merrie London 860-257-2894 Merrie.London@ctinnovations.com 865 Brook Street, Building 1 Rocky Hill, CT 06067 www.ctinnovations.com

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