ABOUT SBIR/STTR Funding

SBIR/STTR Program

The SBIR/STTR Program is America’s Seed Fund.

It is the largest seed fund in the world for STEM small businesses, providing over $2.8 B in non-dilutive funding per year for US small businesses. The small businesses primarily receive funding through two Phases for a given project. Phase I is a feasibility/proof of concept study and the award is on average $150K; Phase II is a full research and development study, and the award is on average $750K.

The SBIR/STTR Program is a US Government Federal Program overseen by the SBA, with funding contributed from 11 federal agencies with large R&D budgets.

The State of Indiana has an SBIR/STTR Program in place that aims to increase applications across the state of IN as a source of non-dilutive R&D investment for IN small businesses. Through this program, State of IN SBIR/STTR-eligible businesses receive comprehensive support across the program lifecycle, from aid with finding the best grant/agency fit to apply to, to writing the grant (both Phases), to aid with audits at the end of Phase II. The program also matches Phase I grants awarded to a company $.50 /$1.00 of Federal funds awarded up to $100K – providing an additional $50K in non-dilutive funding to awardees.

The State of IN SBIR/STTR Program Office operates out of the Purdue Foundry, with the Program Director and staff utilizing Purdue Foundry meeting space and resources to best align clients for success in SBIR/STTR application. The office location at Purdue is strategic, so that cross-pollination occurs with closely aligned SBIR/STTR resources located at Purdue, including NSF I-Corps, National Laboratory liaisons, and the MEP/TAP program.

The Process

SBIR/STTR Applicants

Individuals wishing to pursue SBIR/STTR funding will work jointly with the Purdue Foundry and State of Indiana SBIR/STTR Program to find and pursue the best grant from the Federal Agency best aligned to their small business and project/technology.

Applicants will need to demonstrate that they are an IN-based company to access the State of IN SBIR/STTR Program offerings, and show their plans to pursue STEM R&D work in the state.

The Best SBIR/STTR Applicants will:

Participate in National (NSF I-Corps/NIH I-Corps/DoD I-Corps) and/or Purdue Foundry programs (or similar) such as Firestarter (formerly named LaunchBox - ideation), Business Model Creation, Commercialization Planning, and Collaboration with Entrepreneurs in Residence.
Speak with Federal Program Managers about project in advance of applying (State of IN SBIR/STTR Program can aid with this).
Commit to networking and entrepreneurial activities in the State of IN, and in field of innovation.
Participate in educational seminars and activities of the Federal and State Programs.
Access and utilize Agency Resources, compiled by the State of IN SBIR/STTR Program.

How To Apply

To Apply for the Program, Contact:

State of IN SBIR/STTR Program Director

Lisa Hoverman, PhD

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