Federal & State Funding for Your Company - SBIR Grants, Contracts, Loans, and More

1. Funding your company through Federal & State $$ Robbie Melton High Technology Development Corp.

2. Federal Funding Opportunities • Grants • Small Business Innovation Research Grants (SBIR) • Broad Agency Announcements (BAA) • Contracts • 8(a) • Loans • SBA • USDA

3. Small Business Innovation Research Program (SBIR)

4. So What is SBIR? • A federally mandated program in 11 agencies • Meet Federal research and development needs • Relies on Companies to do R&D of critical need to the U.S. • Stimulate technological innovation • www.sbir.gov

5. Why SBIR? • FREE MONEY! • Over $2 billion annually for small business • 3 Funding Phases: • Ph I – feasibility/market potential $150,000 • Ph II – Development phase $1,000,000 • Ph III commercialization (no SBIR $)

6. Participating Agencies • Department of Agriculture • Department of Commerce- • NOAA • NIST • Department of Defense • Department of Education • Department of Energy

7. Participating Agencies • Department of Health & Human Services • Department of Homeland Security • Department of Transportation • Environmental Protection Agency • National Aeronautics and Space Administration • National Science Foundation

8. SBIR Eligibility • Must be a small business • independently owned and operated • for profit • < 500 employees • Principal place of business in US, 51% owned by US Citizen • The PI must be primarily employed by the small business • 2/3 of the work must be conducted by the business in Ph I

9. Caveats SBIR doesn’t fund: • Mere product improvements • Only product development (w/o high risk research) • Proposals not in areas of critical national need • Research teams lacking credibility (in eyes of reviewers) • Poorly-written proposals

10. Want to know more? • Check out currently open solicitations • www.sbir.gov, www.zyn.com, www.grants.gov • Proposal must include: Business Plan, Executive Summary, Cost Proposal, Technical Proposal Less than 20% of all applications get funded

11. Hawaii SBIR Champions

12. Hawaii SBIR Matching Grant A program of HTDC

13. Hawaii SBIR Awards • 96 Hawaii Companies • 332 Awards totally $106 million • $36 million Phase 1 • $70 million Phase 2 • Attracted $72 million in additional funding to Hawaii

14. Leverages the Federal $$$ • Pay for expenses restricted by the Federal Grant • Travel to meet customers or attend conferences • Market research and business planning • Purchase additional equipment • Hire employees • Helps companies develop their product faster

15. Hawaii SBIR Matching Funds • Phase 0 (application) $3,000 • Phase 1 up to $75,000 • Phase 2 up to $500,000 • Phase 3 up to $500,000 IT’S A GRANT! Potential free funding for your product Up to $1.5 million

16. Hawaii SBIR Matching Funds • Application Process • Apply on line www.htdc.org • A 2 tier review process • Make presentations • Must have received Federal SBIR award notice to qualify • Economic Development for company • Awards are competitive Applications are now being accepted

17. SBIR Application Assistance • SBIR program has strict application requirements • Innovate Hawaii provides: • SBIR orientation/qualification • Proposal writing assistance • Training workshops and conferences • Product development assistance

18. Additional Assistance • Finding qualified researchers • Conducting Market Research • Commercialization assistance (biz planning, product development, sourcing suppliers, etc.)

19. Manufacturing Assistance ProgramAnother Grant! • Matching grant up to 20% to a maximum of $100,000 of Costs • Eligible Expenses • purchasing equipment, • training employees on equipment, • energy efficiency improvements, • feasibility studies for establishing manufacturing • Must be manufacturing in HI & have appropriate NAICS codes.

20. THANK YOU sbir@htdc.org 808-539-3603