USDA SBIR Informational Workshop
Date(s) - June 28, 2018
9:00 am - 12:00 pm
Categories No Categories
The SBIR (Small Business Innovation Research) program was developed to stimulate technological innovation, provide seed capital for early state research and development with commercial potential, and increase private sector commercialization of innovations.
SBIR is a highly competitive proposal process, encouraging U.S. small businesses to engage in federal research and development primed for commercialization.
Small businesses participating in the SBIR receive many benefits including funding to conduct the research and development without giving up equity in their company or the rights to their intellectual property.
SBIR is not a loan, so applicants do not return the funding, plus, they have the opportunity to obtain additional funding to continue the development of the technology.
What is expected is good research that will lead to a commercial product and that will benefit the nation.