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MR. PAUL ARLTON

MR. PAUL ARLTON. President Lite Machines Company. SBIR / STTR’s What they are and What they can do for you. Paul Arlton President / Senior Engineer. History of Lite Machines. Lite Machines 1991 Vertically Integrated CAD/CAM/CNC LMH-100 Over 15,000 sold Over 3,000,000 parts.

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MR. PAUL ARLTON

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  1. MR. PAUL ARLTON President Lite Machines Company

  2. SBIR / STTR’sWhat they are and What they can do for you Paul ArltonPresident / Senior Engineer

  3. History of Lite Machines • Lite Machines 1991 • Vertically Integrated • CAD/CAM/CNC • LMH-100 • Over 15,000 sold • Over 3,000,000 parts

  4. History of Lite Machines • Lite Machines 1991 • Vertically Integrated • CAD/CAM/CNC • LMH-100 • Over 15,000 sold • Over 3,000,000 parts • Lite Machines 1999

  5. History of Lite Machines • Lite Machines 1999 • Idea for military Unmanned Aerial Vehicle (UAV) • Applied for Broad Area Announcement (BAA) • Small fish in BIG pond • 1 of 15,000 applicants

  6. History of Lite Machines • Lite Machines 2004 • Refocused on finding funding for the idea • Looked toward SBIR/STTR for opportunities

  7. But what are SBIR/STTR’s? • Small Business Innovative Research • Small Business Technology Transfer • Small tech businesses with < 500 employees • Move ideas into the marketplace • DOD will fund approx $1.079 billion* in FY 2005 * out of the total $2 billion for all SBIR programs

  8. Structure of SBIR/STTR’s • Phase I • 6-9 month contracts • $70,000 - $100,000 • Phase II • 2 year contracts • $500,000 - $750,000 • Phase III • Commercializing the idea • Must find outside funding • Project organizer will often help here

  9. Good news / Bad news • Pros • Money with few strings attached • State may provide matching funds • Allows small business to compete with big • Accelerates development with true R&D dollars • Develops University / Government relationships • Cons • Possible Intellectual Property issues • Slow payment • Long term commitment • Documentation / Paperwork

  10. Where to Begin • Number of different organizations for SBIRs • Predominate ones include: • National Science Foundation (NSF) • Department of Energy (DOE) • Department of Defense (DOD)

  11. Where to Begin • Search the WWW • For DOD: • http://www.dodsbir.net/

  12. What can an SBIR do for you? • Start with an idea • Identify a need / market • Inject capital needed to move project forward

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