Research grants are a great source of non-dilutive capital that can enable you to further de-risk the science and technology that serve as the foundation of your business. Additionally, they can be an effective way to externally validate your ideas and research plan. The challenge is that the grant review process can be lengthy and there are limitations on what the funds can be used for. Tips on obtaining small business grants are included here.
17th Annual NIH SBIR/STTR Conference
From Washington to Washington: Supporting Small Business Innovation for Health
Seattle – October 27-29, 2015
Early Bird Extended to September 9th | Register at https://nih2015.eventbrite.com
Don't miss the 17th Annual National Institutes of Health (NIH) Small Business Innovation Research (SBIR) / Small Business Technology Transfer (STTR) Conference, October 27-29, 2015 at the Bell Harbor Conference Center in Seattle. This three day conference will provide attendees an opportunity to learn more about the $780 million in annual NIH funding available exclusively for small businesses to perform innovative research and build new businesses based on their technologies.
**The Early Bird Registration has been extended to Wednesday, September 9th!**
Over 100 NIH SBIR and STTR program managers and federal staffers, including representatives from the Food and Drug Administration (FDA) and Centers for Disease Control (CDC), along with hundreds of researchers, entrepreneurs, health and science managers, business executives, investors and consulting organizations will convene in Seattle for this important forum. For more information visit www.washingtonlifesciences.com/nih2015.
Conference attendees will:
- gain an understanding of NIH SBIR/STTR programs and funding opportunities,
- learn about the NIH application, review and award process, and
- participate in one-on-one meetings and networking opportunities with program managers from 30+ federal agencies.
For more information, visit http://www.washingtonlifesciences.com/nih2015
NIH's SBIR/STTR Niche Assessment Program
The NIH’s SBIR/STTR Niche Assessment Program (NAP) is a nationwide program to help jump-start an SBIR/STTR Phase I awardee's commercialization efforts. Technology Niche Analyses® are provided by Foresight for 138 NIH SBIR/STTR Phase I awardees. These analyses are often awarded on a first come, first served basis and assess potential applications for a technology and then for one viable application, it provides an assessment of the:
1. needs and concerns of end-users;
2. competing technologies and competing products;
3. competitive advantage of the SBIR/STTR-developed technology;
4. market size and potential market
5. barriers to market entry (pricing, competition, government regulations, manufacturing challenges, capital, etc.);
6. market drivers;
7. status of market and industry trends;
8. potential customers, licensees, investors, or other commercialization partners; and,
9. the price customers are likely to pay.
Each participant receives an in-depth report. Oftentimes the small business can use this information in their commercialization plans for their Phase II applications. For more information, see Notice NOT-OD-13-109 that was placed in the NIH Guide for Grants and Contracts on August 28, 2013.