SBIR is a $2.2 billion federal research and development program that funds small businesses to develop new technologies and innovations of critical need to the U.S.
The SBIR program provides awards in two Phases. In Phase I, the small business proves feasibility over a six-month project period for a typical award of $70,000 to $100,000. In Phase II, the small business often develops a working prototype to continue the Phase I work. Typical Phase II awards are $400,000 to $1 million. Phase III is commercialization of the SBIR project and funded by agencies or investors outside of the SBIR program.
Hawaii-based companies that receive Phase I SBIR awards can apply for funds from HTDC’s Hawaii SBIR Matching Grant program. The matching grants provide up to 50% of the Phase I award, though awards of more than $25,000 are not likely this fiscal year due to increased applications for a fixed budget. For FY12, HTDC has a budget of $520,000 to match the federal SBIR and Small Business Technology Transfer (STTR) Phase I awards. The purpose of the Matching Grant is to to assist Hawaii Phase I awardees enhance their SBIR project development, compete for the more lucrative Phase II awards to typically conduct prototype development, and ultimately reach successful commercialization.
HTDC and its Manufacturing Extension Partnership (MEP) program also provide SBIR proposal writing training and consulting (in areas such as product development, market analysis, sourcing suppliers) to qualified Hawaii companies to help them succeed in the federal SBIR and STTR programs.
Assistance to help Hawaii companies successfully compete in SBIR/STTR:
SBIR Proposal Preparation (pre-proposal brainstorming sheet, agreement form)
MEP Manufacturing Services for SBIR Protyping (flyer)
Topics for Department of Energy's FY 2012 SBIR/STTR Phase I (Release 3)
For more information, email email@example.com or call (808) 539-3845