The SBIR/STTR programs — known as "America's Seed Fund" — are set-aside programs to help small businesses develop new technologies and facilitate the commercialization of innovation. Eleven federal agencies participate in these programs and award $2.5 billion each year in competitive grants and contracts to small businesses.

These programs are attractive because they can provide seed funding for early-stage ideas that may still be high risk. They are also attractive because they are not a loan (i.e., no repayment is required) and do not require a stake in equity. However, SBIR/STTR funding can often be leveraged to attract follow-on funding and venture capital.

Does your business fit the profile of an SBIR/STR awardee?

Seventeen percent (17%) of awards are made to first-time applicants, and the average company size is 9 employees! Approximately 80% of awardees have 50 or less employees.

Colleges and universities are frequent partners on successful SBIR and STTR awards. Nearly 50% of SBIR and 95% of STTR's have university involvement.

Partnering with UVM faculty can boost your chances of success by providing access to facilities, resources, and research instrumentation. Furthermore, the addition of recognized scientific/academic expertise can add credibility to your proposal.