What is SBIR funding?
I am back from SBIR conference, held in Omaha. There is lot to share for days to come. SBIR Conference was a great networking event apart from being a excellent learning experience. In coming days, I will be sharing my knowledge that I gained in these 3 days. What is SBIR funding? SBIR stands for Small Business Innovation Research. US Federal government has set aside 2.5% of it's research budget for small businesses. Small businesses are defined as follows: * less than 500 employees * 51% owned by American citizen or Permanent Resident Alien * It is a for profit business * business must be in United States * Principal Investigator for research must be an employee of the business during project. Why use SBIR funding? Venture capital financing is hard, if not impossible, to get at initial stage. SBIR funding, gives businesses access to funding at the stage of feasibility study. Who provides SBIR funding? SBIR funding is provided by various federal agencies like Department of Defen