The Small Business Innovation Research (SBIR) program is a highly competitive funding opportunity designed to support small businesses in the United States to engage in research and development (R&D) activities. Established in 1982, the SBIR program is coordinated by the Small Business Administration (SBA) in collaboration with various federal agencies.
The main objective of the SBIR program is to stimulate technological innovation, promote economic growth, and increase the commercialization of federally funded R&D. It provides funding to small businesses to conduct R&D projects that have the potential for commercialization, leading to the development of new products, processes, or services.
The SBIR program operates in three phases. In Phase I, small businesses receive funding to conduct feasibility studies and proof-of-concept research. This phase typically lasts for six to twelve months and provides up to $150,000 in funding. Successful Phase I awardees can then apply for Phase II funding.
Phase II funding is awarded to small businesses that have successfully completed Phase I and have demonstrated the technical feasibility of their proposed R&D project. This phase provides funding for further development and refinement of the technology, typically lasting for two years and providing up to $1 million in funding.
Phase III of the SBIR program focuses on the commercialization of the technology developed in Phases I and II. It does not provide direct funding but encourages the small businesses to pursue commercialization opportunities with non-SBIR funded sources. This phase aims to facilitate the transition of the technology into the marketplace and generate economic impact.
The SBIR program has been instrumental in fostering innovation and supporting small businesses in various industries, including healthcare, defense, energy, and information technology. It has funded numerous successful projects that have resulted in the development of groundbreaking technologies and the growth of small businesses.
Some of the key benefits of participating in the SBIR program include access to funding for R&D activities, the opportunity to collaborate with federal agencies and industry experts, and the potential for commercializing innovative technologies. The program also helps small businesses build a strong foundation for future growth and success.
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