Govt Funding

Alternative Funding:
Bootstrapping to Survival and Success
Government Funding Sources
Presented By
Nick Lawrence

…Agenda
As a result of this presentation, you will learn…
The THREE PRIMARY GOVERNMENT PROGRAMS and the SPECIFIC AGENCIES that provide financial aid to technology-driven small businesses
Where to go to receive the ADDITIONAL INFORMATION needed to participate in these federally-funded programs
The ADVANTAGES of participating in these federally-funded programs

To develop advanced technology that meet general requirements defined in periodic agency solicitations
Provides up to $850,000 in early-stage R&D funding directly
To small companies (or individual entrepreneurs who form a company)
To small companies working cooperatively with researchers at universities and other research institutions
Provides up to $600,000 in early-stage R&D funding
…3 Primary Programs
Company must attract outside investors
Fast Track offers an opportunity to obtain a match of between $1 and $4 in DoD SBIR/STTR funds for every invested $1
Provides a higher probability of SBIR/STTR award than standard award

Related
Requirement?
Read Agency
Solicitation
Check
Other
Fund Sources
SBIR Funding
No
Yes
Discuss w/
Agency Contact
Submit
Proposal
…SBIR Program Structure
Phase I (Concept Development) Awards of up to $100,000 for approximately 6 months support exploration of the technical merit or feasibility of an idea or technology
Phase II (Prototype Development) Awards of up to $750,000, for as many as 2 years. During this phase, the R&D work is performed and the developer evaluates commercialization potential. Only Phase I award winners are considered for Phase II
Phase III (Commercialization) No SBIR funds support this phase. The small business must find funding in the private sector or other non-SBIR federal agency funding

…STTR Program Structure
Phase I(Concept Development) Awards of up to $100,000 for approximately 1 year fund the exploration of the scientific, technical, and commercial feasibility of an idea or technology
Phase II(Prototype Development) Awards of up to $500,000, for as long as 2 years, expand Phase I results. During this period, the R&D work is performed and the developer begins to consider commercial potential. Only Phase I award winners are considered for Phase II
Phase III(Commercialization) No STTR funds support this phase. The small business must find funding in the private sector or other non-STTR federal agency funding

Phase 1 SBIR or STTR
Contract Award
Outside
Investment?
Submit
Standard Phase 2
Proposal
No
Yes
Submit
FAST Track, Phase 2
Proposal
Discuss w/
Agency Contact
…FAST Track Program Structure
Available to Phase 1 awardees that are able to attract outside investors
Receive interim funding of $30,000 to $50,000 between phases I and II
Be evaluated for phase II award under an expedited process
Prevents any significant gaps in funding between phases I and II

…Program Schedules
SBIR/STTR Solicitation Schedules can be found at:
Web Site: http://www.dodsbir.net/

…Primary Sources of Defense-Related Funds
For additional information on defense related sources of funds :
http://www.dtic.mil/
Central facility for the collection and dissemination of scientific and technical information for the Department of Defense
http://www.fbodaily.com
FedBizOpps (FBO) is the official listing of all Federal government contracting opportunities and awards over $25,000

…Primary Sources of Non-Defense Funds

For additional Information on non-defense related sources of funds:
http://www.science.gov/
Science.gov is a gateway to authoritative selected science information provided by U.S. Government agencies, including research and development results (search topics & databases)
http://www.pnl.gov/edo/sbir.stm
A free service that provides bi-weekly notification of SBIR/STTR news and information

… SBIR & STTR Advantages
There is a lot of government money available for technology development!!
Companies retain the intellectual property rights to technologies they develop under these programs
SBIR/STTR is for small businesses only (“Broad Agency Announcements” accept proposals from businesses of all sizes)
While meeting contract requirements, Companies quickly develop critical management capability
formal planning & scheduling
management process
financial control
project/task tracking
Companies have the opportunity to be mentored by highly qualified government technical representatives
SBIR / STTR…the best kept secret for sources of funds and other assistance for small business

Govt Funding

by runningnickl

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Govt Funding Presentation Transcript

Govt Funding

by runningnickl

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Govt Funding Presentation Transcript

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