- The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.
- University technology and university involvement increase your odds of being successful (30% or greater)
- University support of grant process
- Large companies seek startups based on university technologies and prefer the startups over working directly with the university – it’s validation
- SBIR programs are a source of revenue, support, and development – a grant, not a loan or VC
- SBIR associated programs, such as iCorps, used to help in development of opportunities
- Universities are eager to help with their own networks and ecosystems
- Opportunity to advance multiple technologies in a single area
- Access to university professors and graduate students
- University Startups looking for business support
- “Hi, I am a startup working with a USC / CalTech technology …”