FUNDING PROGRAMS R&D Opportunities for High Growth Startups Businesses engaged in high-risk research and development can compete to develop their tech to market. Do you work in one of these areas? » advanced materials » agTech » artificial intelligence » augmented reality and virtual reality » big data » biomedical » cloud computing » cybersecurity » energy » health IT » national security » sensors » space exploration
America’s Seed Fund The Small Business Innovation Research and the Small Business Technology Transfer programs, known as America’s Seed Fund, provide more than $3.5 billion each year in early stage capital through a competitive awards process. How it works Every year, participating federal agencies announce topic areas that address their R&D needs. Topics include: » energy efficiency tech » remote exploration to outer space » New advances in devices for health research and diagnostic applications Eligible businesses submit proposals to win either grants or contracts and then advance through three phases: » The proof-of-concept stage typically lasts from 6-12 months, and provides from $100,000-$225,000 » The full R&D period lasts about 24 months, and typically provides $600,000- $1.5 million
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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