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SBIR Grants: How to Get Your New Business Funded and Commercialized

SBIR Grants: How to Get Your New Business Funded and Commercialized. OCTANe. 501 (c) 6 Business Non-Profit. 501 (c) 3 Charitable Non-Profit. LaunchPad Output Summary Report. Top 16 Reasons Why Companies Don’t Get Funded. Unproven Technology. CEO Personality. Market Too Small.

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SBIR Grants: How to Get Your New Business Funded and Commercialized

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  1. SBIR Grants: How to Get Your New BusinessFunded and Commercialized

  2. OCTANe

  3. 501 (c) 6 Business Non-Profit 501 (c) 3 Charitable Non-Profit

  4. LaunchPad Output Summary Report

  5. Top 16 Reasons Why Companies Don’t Get Funded Unproven Technology CEO Personality Market Too Small Not Profitable No Real Problem Flat or Declining Market Unrealistic Assumptions Inexperienced Technical Overkill Competitive Landscape High Customer Acquisition Costs Not Coachable No Sustainable Competitive Advantage Partner Dependencies Product v. Company No Team

  6. NIH SBIR/STTR Awards by Region $ Millions

  7. Characteristics of SBIR/STTR grants • 12 Federal Agencies (2.8% of Federal R&D Budget) • Must be US-based small business • Non-Governmental Application Agriculture Commerce Defense Education Energy HHS (note: NIH) Homeland Security Transportation Environmental Protection NASA NSA

  8. Types and Phases • SBIR – Small Business Innovative Research • STTR – Small-business Technology Transfer • Collaboration required between university & small business • PI can be university researcher • Grants in phases • Phase I – Proof of Concept: $75-$100K • Phase II – R&D: $750K- $1.5M

  9. Preparing the SBIR/STTR Proposal • Identify Grant: http://www.sbir.gov • Identify PI (from company for SBIR) • Should be competent / experienced • Should not be over extended • Identify Grant Writer (100 hours) • Company must submit the proposal (not the university) • Company must register in electronic submission systems • Register on Electronic Submission Systems

  10. OCTANe and UCI • Office Hours at Calit2 • Wednesdays 1:30-5 P.M. • Contact Information • Paul Symczak, Vice President Entrepreneurship • Paul@octaneoc.org • Matthew Jenusaitis • Matthew@octaneoc.org

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