The SBIR/STTR programs — known as "America's Seed Fund" — are set-aside programs to help small businesses develop new technologies and facilitate the commercialization of innovation. Eleven federal agencies participate in these programs and award $2.5 billion each year in competitive grants and contracts to small businesses.
These programs are attractive because they can provide seed funding for early-stage ideas that may still be high risk. They are also attractive because they are not a loan (i.e., no repayment is required) and do not require a stake in equity. However, SBIR/STTR funding can often be leveraged to attract follow-on funding and venture capital.
Small Business Innovation Research (SBIR)
The program encourages small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.
Small Business Technology Transfer (STTR)
The is another program that expands funding opportunities in the federal innovation research and development (R&D) arena.
Vermont Small Business Development Center
If you'd like help with developing a successful SBIR/STTR submission, local help is available through the Vermont Small Business Development Center.
