SBIR/STTR 201: National Science Foundation (NSF)

SBIR/STTR funding is a great source of non-dilutive funding to pay for high risk, high payoff research and development of technologies that have the potential to be commercialized as novel products , services or processes.

MNSBIR, Inc. helps Minnesota startups and small businesses access millions from America’s Seed Fund – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. America’s Seed Fund awards non-dilutive funding to develop your technology and chart a path toward commercialization. The federal government invests in your solution and gives you the freedom to run your business according to your vision.

The National Science Foundation (NSF) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are initiatives designed to encourage small businesses in the creation of innovative, high-risk technologies with the potential for commercialization. Proposals undergo a rigorous review process, including evaluation by external experts, to assess technical merit and commercialization potential. Phase I awards are generally smaller, intended for proof-of-concept research, while Phase II awards are more substantial and support further development.

The NSF offers various forms of support  and resources to companies that win SBIR/STTR Awards, from the research and development phase to  strategies, market research and connecting with potential customers or partners, paving the way to self-sustaining commercialization after Phase I and Phase II funding.

Awardees will have access and opportunities to a network with experts, other small businesses, potential investors, industry partners, mentors, and advisors who can provide guidance, as well as workshops, training sessions, and events to help awardees enhance their entrepreneurial skills, understand regulatory requirements, and navigate the commercialization process. The NSF  also offers a Commercialization Readiness Program (CRP), designed to help Phase II SBIR/STTR awardees transition their research into the marketplace. The CRP provides additional funding to support activities that enhance the commercial potential of the innovation and Phase III Commercialization Assistance. It’s important for SBIR/STTR awardees to actively engage with the NSF program officers, take advantage of available resources, and leverage the support system provided to maximize the success of their commercialization efforts.