SBIR/STTR 101: Is Federal R&D Funding Right for Your Innovation?

Have an innovative technology, product, or scientific breakthrough but aren’t sure how to fund the next stage of development?
About this Event

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs provide more than $4 billion annually in non-dilutive federal funding to help small businesses develop and commercialize innovative technologies.

In this introductory workshop, you’ll learn:

• What SBIR and STTR funding is (and isn’t)
• Which federal agencies offer funding
• What types of innovations are most competitive
• How the application process works
• Insight on companies that are a good fit
• SBIR/STTR Resources: IEDC and ISBDC

Whether you’re exploring commercialization for the first time or evaluating whether federal R&D funding belongs in your growth strategy, this session will help you determine your next step.

Who Should Attend

This workshop is designed for:

• Entrepreneurs developing a novel technology, product, software platform, medical device, advanced manufacturing process, or scientific innovation
• University researchers interested in commercializing research
• Startup founders pursuing technology commercialization
• Existing small businesses developing innovative products with significant technical risk
• Companies interested in pursuing federal research and development funding

This Workshop May NOT Be a Good Fit If…

This workshop is probably not the best fit if:

• You’re starting a traditional small business such as a restaurant, retail store, construction company, or consulting firm.
• You’re primarily looking for a business loan or startup capital.
• Your business does not involve developing a new technology or innovation.

The Southwest Indiana SBDC offers many other workshops and advising services that may better match your needs.

What You’ll Leave With

By the end of this session, you’ll understand:

• Whether SBIR/STTR is a realistic funding opportunity for your business
• The basic roadmap from idea to commercialization
• The next steps to pursue funding
• Where to find additional technical and commercialization support

Cost

Free to attend.

The Indiana SBIR/STTR Program and the Indiana Federal and State Technology (FAST) Partnership Program are hosted by the Indiana Economic Development Corporation and are funded in part through a Cooperative Agreement with the U.S. Small Business Administration. For more information, visit iedc.in.gov/sbir.