FUNDING PROGRAMS R&D Opportunities for High Growth Startups Engaged in high-risk research and development? Compete for funding to develop your cutting-edge technology. Do you work in one of these areas? » advanced materials » agTech » artificial intelligence » biomedical » cybersecurity » energy » first response
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The Small Business Innovation Research and the Small Business Technology Transfer programs, also called America’s Seed Fund, provide more than $3.5 billion in early stage capital through a competitive awards process. How it works Every year, participating federal agencies announce topical areas that address their R&D needs. Eligible businesses submit proposals to win either grants or contracts. There are three phases: » The proof-of-concept stage typically lasts from 6-12 months, and ranges from $100,000-$225,000. » The full R&D period lasts about 24 months and typically provides $600,000- $1.5 million. » The commercialization stage is when you seek public or private funds for your venture. How your startup benefits The fundingagencydoesnot takeanequity positionor ownershipof your business. The federal government alsoprotectsdata rights and theability towinsole-sourcephase III contracts. Participating agencies:
HOW THE SBA HELPED US SUCCEED Killer Snails brings science out of the laboratory and into classrooms and living rooms with award-winning educational games, such as BioDive, Assassins of the Sea, and Biome Builder. The Brooklyn, NY-based business gained access to startup funding thanks to the Small Business Innovation Research seed funding program. Dr. Mandë Holford, left, Jessica Ochoa Hendrix, right, and Dr. Lindsay Portnoy envisioned how venomous marine snail research could be used in extended reality and digital learning to engage students and meet educators’ needs. The business has raised more than $1.2 million to support a team of full-time employees. Killer Snails’s tabletop, digital, augmented and virtual reality games have won national and international awards.
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