Small Business Innovation Research (SBIR): Who Qualifies and What You Get
Learn how small businesses can access federal funding for research and development through the SBIR program.
The Small Business Innovation Research (SBIR) program provides federal funding to help small businesses conduct research and development for innovative technologies.
Who it's for
This program is designed for small businesses that possess strong research and development capabilities and are working on new, technical solutions.
What you get
The program offers funding in two stages. Phase I awards can provide up to $250,000 to explore a concept. If successful, Phase II awards can provide up to $1.8M to further develop that research and development. This is non-dilutive funding, meaning you do not have to give up equity in your company to receive it.
What it costs you
While you do not pay money to receive the funds, the process requires a significant investment of your time. You will need to produce extensive written proposals and provide detailed technical documentation to support your application.
The catch to know
The application process is notoriously rigorous. You must follow strict guidelines set by specific agencies, and failure to adhere to their exact requirements can result in your application being rejected.
How to apply
- Research the specific goals of different agencies to find a match for your technology.
- Prepare a detailed technical proposal and all required documentation.
- Submit your formal application through the appropriate channels.
- Monitor the official portal for updates: https://www.sbir.gov