Are you starting a business with an innovative idea in Federal Research and Commercial Development?
Then apply for the Small Business Innovation Research Program (SBIR)
The SBIR program is a highly competitive awards-based program that offers about $150,000-$1 million to support businesses venturing into scientific excellence and innovative technology to grow and build the US economy.
Therefore, for technology businesses, the SBIR program provides substantial seed money and contracts with government agencies that will help qualifying businesses research and develop new technologies.
Common areas for businesses that usually receive this funding include homeland security, clean drinking water, health care, green construction, and more.
To qualify for SBIR business grant, you first need to meet the following criteria/eligibility requirements:
- First, be a for-profit business.
- Also, have less than 500 employees.
- And, most ownership must be held by one or a combination of the following:
- One or more individuals that are citizens or permanent residents.
- Other for-profit businesses.
- Venture capital-operating companies, hedge funds, or private equity firms.
Above all, please note that the above information is current at the time of publishing. See program website, The SBIR Grant Program for any updates to the points of contact.
Always remember: even if your company is small, broaden your horizons and think broadly. Everyone with a great idea has a source of funding to help them realize their dreams. Stay tuned for more grant and funding opportunities.
Also, If you’d like access to additional grants available sign up for an Addy & Mark Business Account.
Finally, don’t forget to check out more grant life and other microbusiness related reads at our blog.
“A true business opportunity is one that an entrepreneur invents to grow him or herself. Not to work in, but to work on.” – Michael R. Gerber.
Disclaimer: This resource is for information purposes only. The company is not directly related to The Dope Million in anyway. Always check your resources’ original website for updated information.