SBIR and STTR Grants

Conclusion

The SBIR/STTR award is a low-risk, high-reward federally funded grant opportunity for small business entities working on a new technology. These small businesses are typically spun out of universities, but this is not a requirement for funding. While obtaining an SBIR/STTR award often takes over one year from start to finish, some of the benefits are that it is non-diluting and does not require any equity or board control to be granted to an outside party.