Grant Information

Each year, millions of dollars are set aside by the United States Government and private organizations to fund technology research and development activity. Grant funding is available for real technology development. That includes developing something that does not presently exist but which furthers science or mankind - such as innovative electronic components that operate effectively in space, or new approaches to disease prevention, or alternative fuel technologies. The majority of grants are strictly for scientific research rather than business development. Companies that are developing technology applications of potential interest to the government, military, or private research organizations would benefit most from a grant search.


SBIR (Small Business Innovation Research) is a highly competitive program that encourages small business to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.


Since its enactment in 1982, as part of the Small Business Innovation Development Act, SBIR has helped thousands of small businesses compete for federal research and development awards. Their contributions have enhanced the nation's defense, protected our environment, advanced health care, and improved our ability to manage information and manipulate data.


SBIR targets the entrepreneurial sector because that is where most innovation and innovators thrive. However, the risk and expense of conducting serious R&D efforts are often beyond the means of many small businesses. By reserving a specific percentage of federal R&D funds for small business, SBIR protects the small business and enables it to compete on the same level as larger businesses. SBIR funds the critical startup and development stages and it encourages the commercialization of the technology, product, or service, which, in turn, stimulates the U.S. economy.

           

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