2011 National SBIR/STTR Fall Conference

SBIR is a competitive federal government grant program that funds small businesses in developing innovative, high-risk technologies with the goal of increasing private sector commercialization into the marketplace. SBIR is a highly specialized form of funding for small firms (less than 500 employees) to perform cutting-edge R&D that addresses the nation's most critical scientific, engineering and technology needs.

Enacted by Congress in 1982, there are 11 federal agencies that have R&D budgets of $100 million or more. Each agency is required by statue to set-aside 2.5% of these funds to SBIR/STTR incentives, creating a great opportunity for small and innovative businesses to apply for these funds. This translates to nearly $2.5 billion available annually for awarding grants/contracts under this program.

SBIR enables small businesses to compete on the same level as larger companies, encouraging start-ups and growing economies in those states which actively support this critical program. It is a critical source of capital to support the unmet needs of many innovative businesses. In addition, SBIR offers promising opportunities to socially and economically disadvantaged companies throughout the country.

Conference Includes: