SBIR/STTR Funding What is it? Who is it for? How can Michigan companies get help? Lisa M. Kurek Managing Partner BBC 803 N...
Overview of SBIR/STTR Michigan SBIR/STTR Assistance Program
Why SBIR/STTR?
What is the SBIR/STTR Program? <ul><li>A $2 Billion+  Federal Funding Program </li></ul><ul><li>SBIR:  Small Business Inno...
What is the SBIR/STTR Program? <ul><li>A federal funding mechanism to support small business to: </li></ul><ul><li>Stimula...
Funding for Commercialization <ul><li>Debt  </li></ul><ul><li>Equity </li></ul><ul><li>Non-Dilutive </li></ul>
Participating Agencies* TOTAL: >$2.4 B FY 2010 * www.sbir.gov
The Basics of SBIR: 3 Phases 2.5 Years, ~$1,150,000+ Phase III: Commercialization (no federal $$) Phase I:  6 Months, $150...
Eligibility for Funding <ul><li>Small business </li></ul><ul><ul><li>< 500 employees  </li></ul></ul><ul><ul><li>For-profi...
Company-controlled research facilities Documentation Required !  **Access to special facilities is permitted
More on Eligibility <ul><li>At least 51% U.S. owned and independently operated </li></ul><ul><ul><li>*Firms more than 50% ...
SBIR vs. STTR <ul><li>PRIMARY DIFFERENCE: </li></ul><ul><li>SBIR  allows   but does  not require  the involvement of a non...
SBIR vs. STTR <ul><li>APPLICANT IS ALWAYS THE SMALL BUSINESS! </li></ul><ul><li>Subcontract percentages* </li></ul><ul><ul...
SBIR vs. STTR <ul><li>Principal Investigator Rules: </li></ul><ul><ul><li>SBIR:  PI at least  51%  EMPLOYED at small busin...
SBIR INFORMATION: <ul><li>Link to all 11 agencies </li></ul><ul><li>Search past awardees </li></ul><ul><li>www.sbir.gov   ...
More SBIR Info <ul><li>Solicitation deadlines </li></ul><ul><li>Search past solicitations </li></ul><ul><li>Subscribe to S...
Agency Differences <ul><li>Receipt dates, number & timing of solicitations </li></ul><ul><li>Type of award (grant or contr...
Agency Differences -- Grants vs. Contracts <ul><li>**  Grants – INVESTIGATOR INITIATED TOPICS </li></ul><ul><ul><li>DHHS (...
Reauthorization <ul><li>Authorization for 6 years (through 2017) </li></ul><ul><li>Majority ownership by VC, private equit...
MI SBIR/STTR ASSISTANCE PROGRAM
MI SBIR/STTR ASSISTANCE PROGRAM <ul><li>GOALS </li></ul><ul><li>Increase the number of applications from Michigan </li></u...
Training  <ul><li>Primary Training </li></ul><ul><li>SBIR/STTR 101:  ½ day  ($50) </li></ul><ul><li>Agency Specific Propos...
One-on-one Assistance: Eligibility <ul><li></li></ul><ul><li>Located in Michigan </li></ul><ul><li>Focused on commercializ...
Outreach <ul><li></li></ul>Intro Training Assessment 1-on-1 Proposal Assistance Proposal Submitted Training* * required fo...
Why Participate?? <ul><li></li></ul><ul><li>Over $100 million awarded to MI client companies since 2002 </li></ul><ul><li>...
SBIR/STTR Matching - MI <ul><li>Match up to $25k for Phase I, $125k Phase II </li></ul><ul><li>Requires third party match ...
SBIR/STTR:  WHY?? <ul><li>Non-dilutive capital (i.e. – its free) </li></ul><ul><li>Peer Review </li></ul><ul><li>Validatio...
<ul><li>Lisa M. Kurek , MS – Managing Partner  </li></ul><ul><li>Michael P. Kurek , PhD, MBA – Partner </li></ul><ul><li>A...
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BBC's SBIR Introduction and MSF Program Overview

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  • Julie – this budget is obviously out of date since the 2006 budget is ready to go
  • BBC's SBIR Introduction and MSF Program Overview

    1. 1. SBIR/STTR Funding What is it? Who is it for? How can Michigan companies get help? Lisa M. Kurek Managing Partner BBC 803 N. Main Street, Ann Arbor, MI 48104 www.bbcetc.com
    2. 2. Overview of SBIR/STTR Michigan SBIR/STTR Assistance Program
    3. 3. Why SBIR/STTR?
    4. 4. What is the SBIR/STTR Program? <ul><li>A $2 Billion+ Federal Funding Program </li></ul><ul><li>SBIR: Small Business Innovation Research </li></ul><ul><li>STTR: Small Business Technology Transfer </li></ul>
    5. 5. What is the SBIR/STTR Program? <ul><li>A federal funding mechanism to support small business to: </li></ul><ul><li>Stimulate technological innovation </li></ul><ul><li>To develop products with commercial merit </li></ul>
    6. 6. Funding for Commercialization <ul><li>Debt </li></ul><ul><li>Equity </li></ul><ul><li>Non-Dilutive </li></ul>
    7. 7. Participating Agencies* TOTAL: >$2.4 B FY 2010 * www.sbir.gov
    8. 8. The Basics of SBIR: 3 Phases 2.5 Years, ~$1,150,000+ Phase III: Commercialization (no federal $$) Phase I: 6 Months, $150K Phase II: 2 Years, ~$1,000 K+
    9. 9. Eligibility for Funding <ul><li>Small business </li></ul><ul><ul><li>< 500 employees </li></ul></ul><ul><ul><li>For-profit </li></ul></ul><ul><ul><li>Located in the U.S. </li></ul></ul><ul><ul><li>R&D must be performed in the U.S. </li></ul></ul>
    10. 10. Company-controlled research facilities Documentation Required ! **Access to special facilities is permitted
    11. 11. More on Eligibility <ul><li>At least 51% U.S. owned and independently operated </li></ul><ul><ul><li>*Firms more than 50% owned by corporations, VCs, institutions ARE NOT ELIGIBLE for SBIR/STTR awards. </li></ul></ul><ul><ul><li>UNLESS the majority entity meets the definition of a small business (< 500 employees; ownership) </li></ul></ul><ul><li>*VC/HF/PEF owned companies will be eligible for up to 25% of NIH, NSF and DoE funds and 15% for all other agencies </li></ul><ul><ul><li>VC/HF/PEF can’t be owned or controlled by large for foreign firms </li></ul></ul>
    12. 12. SBIR vs. STTR <ul><li>PRIMARY DIFFERENCE: </li></ul><ul><li>SBIR allows but does not require the involvement of a non-profit research institution </li></ul><ul><li>STTR REQUIRES a collaboration with a non-profit research institution </li></ul><ul><ul><li>Collaboration is always in the form of a sub-contract </li></ul></ul><ul><li>However – in either case: </li></ul><ul><li>Applicant Organization is always the Small Business ! </li></ul>
    13. 13. SBIR vs. STTR <ul><li>APPLICANT IS ALWAYS THE SMALL BUSINESS! </li></ul><ul><li>Subcontract percentages* </li></ul><ul><ul><li>SBIR: no more than 33% in a Phase I and 50% in a Phase II </li></ul></ul><ul><ul><li>STTR: at least 40% at small business and at least 30% at partner non-profit research institution </li></ul></ul><ul><li>* Based on budget. Check specific agency for details </li></ul><ul><li>* Percentages include BOTH consultants and subcontractors </li></ul>
    14. 14. SBIR vs. STTR <ul><li>Principal Investigator Rules: </li></ul><ul><ul><li>SBIR: PI at least 51% EMPLOYED at small business for duration of the award </li></ul></ul><ul><ul><ul><li>Agency may specify minimum effort on project. </li></ul></ul></ul><ul><ul><li>STTR: PI has an ‘official relationship’ with the small business and at least 10% effort on the project </li></ul></ul><ul><ul><ul><li>Note that non-profit research collaborator is a sub-contractor. Award ‘belongs’ to small business. </li></ul></ul></ul><ul><li>REMEMBER: APPLICANT IS ALWAYS THE SMALL BUSINESS! </li></ul>
    15. 15. SBIR INFORMATION: <ul><li>Link to all 11 agencies </li></ul><ul><li>Search past awardees </li></ul><ul><li>www.sbir.gov </li></ul>
    16. 16. More SBIR Info <ul><li>Solicitation deadlines </li></ul><ul><li>Search past solicitations </li></ul><ul><li>Subscribe to SBIR Insider Newsletter </li></ul><ul><li>www.zyn.com/sbir </li></ul>
    17. 17. Agency Differences <ul><li>Receipt dates, number & timing of solicitations </li></ul><ul><li>Type of award (grant or contract) </li></ul><ul><li>Proposal review process </li></ul><ul><li>R&D topic areas </li></ul><ul><li>$ of award (both Phase I and II’s) </li></ul><ul><li>Proposal success rates </li></ul><ul><li>Profit or fee allowed </li></ul><ul><li>Gap funding provided (competing continuation grants) </li></ul><ul><li>Payment types & schedules </li></ul>
    18. 18. Agency Differences -- Grants vs. Contracts <ul><li>** Grants – INVESTIGATOR INITIATED TOPICS </li></ul><ul><ul><li>DHHS (95% $$), NSF, USDA, DOE, ED </li></ul></ul><ul><ul><li>Some agencies might have topic areas (aka “buckets”) </li></ul></ul><ul><ul><li>Open communications any time </li></ul></ul><ul><li>** Contracts – AGENCY SPECIFIED TOPICS </li></ul><ul><ul><li>DoD, NASA, DHS, EPA, DOT, DOC, ED, DHHS (5% $$) </li></ul></ul><ul><ul><li>Must respond to a topic </li></ul></ul><ul><ul><li>Limited time to prepare ( 8-12 weeks) </li></ul></ul><ul><ul><li>Limited communications during open solicitation </li></ul></ul>
    19. 19. Reauthorization <ul><li>Authorization for 6 years (through 2017) </li></ul><ul><li>Majority ownership by VC, private equity and hedge funds </li></ul><ul><ul><li>Funding restricted to 25% of total budget for NIH, DOE and NSF, and up to 15% for the others. </li></ul></ul><ul><li>Increasing set aside allocations over 6 years: </li></ul><ul><ul><li>SBIR: 2.5 to 3.2% </li></ul></ul><ul><ul><li>STTR: 0.3 to 0.45% </li></ul></ul><ul><li>Increased attention to “waste, fraud and abuse” </li></ul><ul><li>Agencies to track commercialization outcomes more effectively </li></ul>
    20. 20. MI SBIR/STTR ASSISTANCE PROGRAM
    21. 21. MI SBIR/STTR ASSISTANCE PROGRAM <ul><li>GOALS </li></ul><ul><li>Increase the number of applications from Michigan </li></ul><ul><li>Increase the quality of applications from Michigan </li></ul><ul><li>PROGRAM COMPONENTS </li></ul><ul><li>Training </li></ul><ul><li>One-on-one Proposal Assistance </li></ul><ul><li>Outreach </li></ul>
    22. 22. Training <ul><li>Primary Training </li></ul><ul><li>SBIR/STTR 101: ½ day ($50) </li></ul><ul><li>Agency Specific Proposal Preparation: </li></ul><ul><ul><li>NIH: 2 days ($125) </li></ul></ul><ul><ul><li>NSF, DoE, or DoD: 1 day ($75) </li></ul></ul><ul><li>Other Training </li></ul><ul><li>Commercialization Plan Development: ½ day ($50) </li></ul><ul><li>Electronic Submission: webinar ($25) </li></ul><ul><li>Accounting/Grants Mgmt: webinar series ($25 ea) </li></ul><ul><li>http ://www.bbcetc.com/training.html </li></ul>
    23. 23. One-on-one Assistance: Eligibility <ul><li></li></ul><ul><li>Located in Michigan </li></ul><ul><li>Focused on commercialization of technology </li></ul><ul><li>Meet requirements of an SBIR/STTR solicitation </li></ul><ul><li>Must attend agency specific proposal preparation SBIR/STTR Training </li></ul><ul><li>Must have qualified PI and project </li></ul><ul><li>Must have sufficient time prior to deadline </li></ul><ul><ul><li>Fees – only due if SBIR/STTR is funded: </li></ul></ul><ul><ul><li>- $1500 Funded Phase I </li></ul></ul><ul><ul><li>- $5000 Funded Phase II </li></ul></ul>
    24. 24. Outreach <ul><li></li></ul>Intro Training Assessment 1-on-1 Proposal Assistance Proposal Submitted Training* * required for 1-on-1 assistance
    25. 25. Why Participate?? <ul><li></li></ul><ul><li>Over $100 million awarded to MI client companies since 2002 </li></ul><ul><li>Proposal funding rates 2-3x the national average </li></ul>
    26. 26. SBIR/STTR Matching - MI <ul><li>Match up to $25k for Phase I, $125k Phase II </li></ul><ul><li>Requires third party match </li></ul><ul><li>MUST APPLY PRIOR TO SBIR SUBMISSION </li></ul><ul><li>www.mietf.org </li></ul>
    27. 27. SBIR/STTR: WHY?? <ul><li>Non-dilutive capital (i.e. – its free) </li></ul><ul><li>Peer Review </li></ul><ul><li>Validation of Technology </li></ul><ul><li>Commercialization focus </li></ul><ul><li>Funds technology risk </li></ul><ul><li>Enables early transfer of technology and establishment of start-up companies </li></ul>
    28. 28. <ul><li>Lisa M. Kurek , MS – Managing Partner </li></ul><ul><li>Michael P. Kurek , PhD, MBA – Partner </li></ul><ul><li>Andrea Johanson , PhD – Principal Consultant </li></ul><ul><li>Bhramara Tirupati , PhD – Principal Consultant </li></ul><ul><li>Kris Bergman – Consultant, Grants and Contract Management </li></ul><ul><li>Jayne Berkaw – Director, Marketing and Outreach </li></ul><ul><li>Marilyn (Mickey) Katz-Pek – Partner Emerita & Founder </li></ul>734.930.9741 [email_address] www.bbcetc.com

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