Monday, September 20, 2021
The annual $4 billion in federal, non-dilutive funding offered through the SBIR/STTR programs is often a critical milestone in moving an entrepreneur’s research idea from concept to commercial product/services. Small business (startups and existing) across the country engage with the programs to de-risk their innovations toward new products, services and/or processes. The Small Business Administration and the 11 federal agencies are committed to making sure innovators – particularly women and minorities are aware of the SBIR and STTR programs and gain a higher percentage of that funding moving forward.
The Minnesota SBIR/STTR Accelerator™ facilitates the commercialization of deep tech ideas, concepts and projects by leveraging federal research and development funding to small business in collaboration with government, industry, and academia.
SBIR/STTR funding is all about commercializing a novel product, service or process for domestic and international markets. There is no limit to the amount of funding or awards a small business can be awarded. The funding is awarded via a federal grant or contract, based on the agency.
Get started today to learn if your novel idea or project is a good fit with the programs. These programs are HIGHLY COMPETITIVE. Forming a research collaboration with other entities (academic, medical, federal laboratories, etc.) are highly encouraged.