Advancing Technology through Government
Volume 3, Issue 1 July 22, 2011
In my last blog, I talked about the Small Business Innovative Research (SBIR) programs available under various defense agencies. Defense is not the only department issuing these solicitations; they are also available through Commerce, Energy, Transportation and Health and Human Services. These are an excellent way to get start-up money because the Federal Government is willing to fund more risky ventures than private investors are. Usually, what Uncle Sam gets in return is the rights to use the technology without having to pay a license fee (if your IP comes from work funded by the US Government). My partner and I recently got an SBIR Phase I award to build an analytical prototype instrument. This will cover three full-time salaries and two consultants for six months, buy needed laboratory equipment and pay rent for laboratory space. At the end of the six months, we will have a benchtop prototype which will qualify for a Phase II developent award (up to $1M for two years). We will also have the needed proof-of-principle to make the deal look much more attractive to private investors.
Joan
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Advancing Technology through Government by Joan Stader is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
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