Exploring the SBIR/STTR Program for Early Stage Financing
Known as “America’s Seed Fund,” the SBIR (Small Business Innovation Research) and STTR (Small Business Technology Transfer) programs provide competitive access to R&D funds to stimulate technological innovation by small businesses in the US. The program can help startups and existing small businesses, interested in or performing research, by providing access to grant funds to support proof of concept and prototype development in Phase I. If successfully proven, with full development support in Phase II, successful technologies could move into the commercial market.
This event will introduce you to the resources Indiana has to offer, give you tips on what agencies look for in successful proposals and supply you with the basics of the program’s structure and how to determine if it’s a good fit for you.
Indiana’s SBIR/STTR Matching Program
Since 2014, Indiana’s SBIR/STTR matching program has provided over $5.2 million to 73 companies in 13 Indiana counties. Collectively, these companies have attracted over $19.4 million in federal SBIR/STTR grants and over $12.4 million from other capital sources. Companies with an SBIR/STTR request should apply to Elevate Ventures within 6 months of the SBIR term start date. Learn more about SBIR/STTR Matching.