Research grants for embryonic projects with commercial potential. There are 3 awards phases.
Phase I - To establish the technical merit and feasibility of proposed R&D efforts
Phase II - A continuation of successful phase I efforts.
Phase III - follow on non-SBIR/STTR awards to fund the commercialization of technologies resulting from Phase I/II SBIR/STTR R&D activities
A fast-track combined Phase I/II application process is also available
Important differences between SBIR and STTR
SBIR
STTR
Phase I
$100K for 6 months
$100K / 12 months
Phase II
$750K for 2 years
$500K for 2 years
Academic partner
Allowed
Required
PI Employment
by business
by business or academia
Grant applications are reviewed and awards are made independently by 10 different government agencies. Note that each agency puts out a list of solicitation topics of interest. There are slight differences in rules for each agency.
Partial list of participating agencies (biotechnology related):
Department of Defense
Department of Energy
Department of Health & Human Services (NIH)
National Aeronautics & Space Administration (NASA)
Small Business Technology Investment Fund (SBTIF):NYSTAR
State operated venture fund that provides capital for start-up high technology companies. Investments range from $50K to $500K with a 3:1 match required from other sources. Investments are made in companies that have demonstrated proof-of-concept.
For more information contact:
Jeffrey Wetherbee
Managing Director
Small Business Technology Investment Fund
Empire State Development
30 South Pearl Street
Albany, NY 12245
518-292-5134
