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==Background of SBIR/STTR==
The Small Business Innovation Research ('''SBIR''') was established in 1982.
Goals: 4 "societal objectives":
*(1) to stimulate technological innovation;
*(2) to increase private sector commercialization of innovations;
*(3) to use small business to meet federal research and development needs; and
*(4) to foster and encourage participation by minority and disadvantaged persons in technological innovation
11 federal agencies meet requirements for providing SBIR funding (see funding structure)
*Participating agencies:
*Department of Agriculture
*Department of Commerce - National Institute of Standards and Technology
- National Oceanic and Atmospheric Administration
*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
The Small Business Technology Transfer ('''STTR''') program was established in 1992.
Goal: build on SBIR expansion of public/private sector partnerships between small businesses and nonprofit U.S. research institutions
5 federal agencies meet requirements for providing STTR funding (see funding structure)
Participating agencies:
*Department of Defense
*Department of Energy
*Department of Health and Human Services
*National Aeronautics and Space Administration
*National Science Foundation
'''Difference between SBIR and STTR''': STTR program require company to partner with research institution awarded a minimum of 30% of the total grant funds
==Funding Structure==
SBIR:
Requires agencies with extramural R&D budget of >$100 million
(extramural defined as funding provided to research institutions [outside NIH])
Funding: % of FY budget
2.5% 2012 increased 0.1% until 3.2% in 2017 (current level = 3.2% FY2017)
STTR: agencies exceeding $1billion must set aside 0.3% extramural budget
Eligibility:
Must operate in US
500 or fewer employees
Ownership structure: more than 50% by one or more indiv. Who are US citizens (Or owned by another business who meets above criteria)
Newer provision: majority owned by multiple VC's hedge funds, equity funds
==Useful Links==
