SBIR & STTR Award Financing - Endeavour

Funding to fuel your liftoff

Other Funding
  • Program Type
    Other Funding
  • Funding Award
    $10 Million
  • Industry Focus
    Small Business, Industry

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)  is the U.S. government’s primary mechanism for engaging small technology businesses in research and development (R&D) that benefits our nation. Cutting-edge, quick-growth businesses like yours are awarded SBIR or STTR Grant funding to accelerate the development and launch of your exceptional technology. However, as is the case with many standard government contracts, it could be months before the government actually funds your SBIR or STTR award. Waiting for payment can leave you scrambling to secure the working capital you need upfront to launch the project—or to continue development in Phase II or III of your SBIR or STTR award cycle.

SBIR/STTR Tech Startup Grants for R&D

There is startup grant money - small business grants - and by far the biggest programs I'm aware of are the SBIR and STTR programs which provide tech startup grants. Many U.S. government agencies provide grants, including USDA, Department of Defense (DOD) including Army, Navy, Air Force, DARPA, and the Missile Defense Agency.

What Are The Benefits of the SBIR STTR Program

If you are a Start-Up or Small Business the SBIR STTR Grant program is a great source of funding for early-stage enterprises in the United States. Securing SBIR or STTR Grant has several advantages, including:

  • Funding is consistent and predictable, and it is not a loan.
  • Capital has a non-dilutive effect.
  • Intellectual property rights are retained by small businesses.
  • Early-stage enterprises benefit from the SBIRs rigorous peer-review process, which gives them acknowledgment, validation, and visibility.
  • The award’s prestige can help it acquire more financing or support (e.g., venture capital, strategic partner).
  • In addition to these advantages, new SBIR and STTR program amendments have broadened eligibility. The following are some of the most significant changes:

    Size Restrictions: Participating Agencies can choose to spend 25% of SBIR money on SBIR STTR funds that can be awarded to small businesses that are majority-owned by several venture capital firms, hedge funds, or private equity firms as long as they do not have more than 500 individual employees, including its affiliates.

    Awards for cross-program or cross-agency collaboration: SBIR Phase II awards are available to STTR Phase I awardees, and vice versa. A Phase I awardee may also be eligible for a Phase II grant from a separate agency.

    Direct to Phase II: A small firm that did not win a Phase I SBIR award for the necessary research and/or development might apply for Phase II SBIR funding from the NIH, DoD, and Department of Education . Small firms can apply for a “Direct-to-Phase II” SBIR grant if they have already completed Phase I research with other sources of support.

    Future Phases

    Check out an overview of each competition phase below - complete rules for each phase will be released as the competition progresses.

    Let’s Get Started.

    To apply or join the program, please submit an application.