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Govt Funding

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Brief presentation introducing the "who's, how's and why's" of federal programs offering small businesses with significant sources of funds.

Published in: Business, News & Politics
  • Notice that the agency logos are hyperlinks to the page providing additional information on available funding from that agency...goof hunting and good luck!

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Govt Funding

  1. 1. Alternative Funding: <br />Bootstrapping to Survival and Success<br />Government Funding Sources<br />Presented By<br />Nick Lawrence<br /> <br />
  2. 2. …Agenda<br />As a result of this presentation, you will learn…<br />The THREE PRIMARY GOVERNMENT PROGRAMS and the SPECIFIC AGENCIES that provide financial aid to technology-driven small businesses<br />Where to go to receive the ADDITIONAL INFORMATION needed to participate in these federally-funded programs<br />The ADVANTAGES of participating in these federally-funded programs<br />
  3. 3.                      <br />                      <br />                      <br /><ul><li> To develop advanced technology that meet general requirements defined in periodic agency solicitations
  4. 4. Provides up to $850,000 in early-stage R&D funding directly
  5. 5. To small companies (or individual entrepreneurs who form a company)
  6. 6. To small companies working cooperatively with researchers at universities and other research institutions
  7. 7. Provides up to $600,000 in early-stage R&D funding </li></ul>…3 Primary Programs<br /><ul><li> Company must attract outside investors
  8. 8. Fast Track offers an opportunity to obtain a match of between $1 and $4 in DoD SBIR/STTR funds for every invested $1
  9. 9. Provides a higher probability of SBIR/STTR award than standard award</li></li></ul><li>Related <br />Requirement?<br />Read Agency <br />Solicitation<br />Check <br />Other <br />Fund Sources<br />SBIR Funding<br />No<br />Yes<br />Discuss w/ <br />Agency Contact<br />Submit<br />Proposal<br />…SBIR Program Structure<br /><ul><li>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
  10. 10. 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
  11. 11. 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 </li></li></ul><li>…STTR Program Structure<br /><ul><li> 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
  12. 12. 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
  13. 13. 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</li></li></ul><li>Phase 1 SBIR or STTR <br />Contract Award<br />Outside <br />Investment?<br />Submit<br />Standard Phase 2 <br />Proposal<br />No<br />Yes<br />Submit<br />FAST Track, Phase 2 <br />Proposal<br />Discuss w/ <br />Agency Contact<br />…FAST Track Program Structure<br /><ul><li> Available to Phase 1 awardees that are able to attract outside investors
  14. 14. Receive interim funding of $30,000 to $50,000 between phases I and II
  15. 15. Be evaluated for phase II award under an expedited process
  16. 16. Prevents any significant gaps in funding between phases I and II</li></li></ul><li>…Program Schedules<br />SBIR/STTR Solicitation Schedules can be found at:<br />Web Site: http://www.dodsbir.net/<br />
  17. 17. …Primary Sources of Defense-Related Funds<br />For additional information on defense related sources of funds :<br />http://www.dtic.mil/<br /> Central facility for the collection and dissemination of scientific and technical information for the Department of Defense<br />http://www.fbodaily.com<br />FedBizOpps (FBO) is the official listing of all Federal government contracting opportunities and awards over $25,000<br />
  18. 18. …Primary Sources of Non-Defense Funds<br />
  19. 19. For additional Information on non-defense related sources of funds:<br />http://www.science.gov/<br /> Science.gov is a gateway to authoritative selected science information provided by U.S. Government agencies, including research and development results (search topics & databases)<br />http://www.pnl.gov/edo/sbir.stm<br /> A free service that provides bi-weekly notification of SBIR/STTR news and information<br />
  20. 20. … SBIR & STTR Advantages<br /><ul><li> There is a lot of government money available for technology development!!
  21. 21. Companies retain the intellectual property rights to technologies they develop under these programs
  22. 22. SBIR/STTR is for small businesses only (“Broad Agency Announcements” accept proposals from businesses of all sizes)
  23. 23. While meeting contract requirements, Companies quickly develop critical management capability
  24. 24. formal planning & scheduling
  25. 25. management process
  26. 26. financial control
  27. 27. project/task tracking
  28. 28. Companies have the opportunity to be mentored by highly qualified government technical representatives</li></ul>SBIR / STTR…the best kept secret for sources of funds and other assistance for small business<br />

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