2009 National SBIR/STTR Conference (sbir2009)

Venue: John Asquaga\'s Nugget

Location: Sparks, Nevada, United States

Event Date/Time: Nov 02, 2009 End Date/Time: Nov 05, 2009
Registration Date: Nov 02, 2009
Early Registration Date: Sep 15, 2009
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The federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are important sources of early-stage funding for small, high-tech, for-profit, start-up companies in the United States. More than $2 billion is devoted to the federal SBIR program, the largest source of early-stage technology funding in the U.S. National objectives are to stimulate technological innovation and use small businesses to meet federal research and development needs. Small businesses benefit through new product development and using grant funds to help fund development operations.

All federal agencies that invest at least $100 million into research and development must contribute a portion of that sum into the SBIR program, which is then awarded through grants to small businesses (currently up to $100,000 in Phase 1 and up to $750,000 in Phase 2). These awards are not tools to start businesses. Also, the government is not interested in partnering. Federal agencies are looking for small businesses to research and develop innovative products for them. More than 40 percent of SBIR funds are awarded to companies with 10 or fewer employees and much of the funding goes to companies with one to three employees. Nearly one third of the awards go to first-time winners every year.