SBIR/STTR eligibility and benefits Sierra Accelerator for Growth & Entrepreneurship

SBIR/STTR eligibility and benefits Sierra Accelerator for Growth & Entrepreneurship

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The applicant for an SBIR or STTR must meet the following conditions:

Operating as a for-profit business
S. owned and operated
Less than 500 employees
Work must be done in the U.S. (i.e., no outsourcing)
Focused on performing research and development (R&D) – not on the purchase of equipment, commercializing a technology that has already been developed, or a company that has very low risk and only needs capital

Some of the benefits of the SBIR and STTR programs are:

Receiving funding for research and development (R&D) for your product or service
Retaining rights to your intellectual property
Opportunities for additional funding to supplement the areas not covered by the SBIR/STTR or to bridge the tech development gap to get your concept to production
Non-dilutive capital (i.e., you won’t be giving up any of your company in return for the funding – like equity, success fees, a stake in your company, etc.)
   

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