SBIR/STTR
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are highly competitive programs that encourage domestic small businesses to engage in Federal Research/Research and Development (R/R&D) with the potential for commercialization.
stimulate technological innovation and Meet Federal research and development needs.
Foster and encourage participation by Small businesses.
Increase private-sector commercialization derived from Federal research and development funding.
MCFL APEX Accelerator has helped small business concerns explore more than $3B in SBIR and STTR opportunities. In addition, the STTR program aims to foster technology transfer through cooperative R&D between small businesses and research institutions.
3 Phases of SBIR and STTR
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Pre-prototype phase: funded up to $250,000 for approximately 6 months (1 year for STTR) to explore the technical merit or feasibility of an ideas, concept, or technology
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Prototype phase: Funded up to 750,000, for a period of up to 2 years, to expand on Phase I results. During this phase, R&D work is implemented and commercialization potential is evaluated.
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Commercialization Phase: The innovation is moved from the laboratory into the marketplace, and outside funds (non SBIR and non STTR) are used to market the product