Partnership Program

NM FAST offers eligible small businesses assistance with funding efforts through the federal SBIR and STTR programs. Securing federal funding for your innovation is a critical step towards commercial success. SBIR and STTR programs offer more than $2.5 billion dollars annually to support the development of technology by small businesses across the nation and are an excellent source of undiluted early stage capital, but they are highly competitive. Together, we assemble a team of advocates who will help you evaluate the feasibility of your idea and apply
for an SBIR or STTR.

Learn About SBIR/STTR

What is SBIR?

The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides an incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated and the U.S. builds entrepreneurial spirit as it meets specific R&D needs.

The SBIR Program is structured in three phases:

Phase I. The objective of Phase I is to establish the technical merit, feasibility, and commercial potential of the proposed R/R&D efforts and to determine the quality of performance of the small business awardee organization. SBIR Phase I awards normally do not exceed $150,000 total costs for 6 months.

Phase II. The objective of Phase II is to continue the R/R&D efforts initiated in Phase I. Funding is based on the results achieved in Phase I and the scientific and technical merit and commercial potential of the project proposed in Phase II. Only Phase I awardees are eligible for a Phase II award. SBIR Phase II awards normally do not exceed $1,000,000 total costs for 2 years.

Phase III. The objective of Phase III, where appropriate, is for the small business to pursue commercialization objectives resulting from the Phase I and II R/R&D activities. The SBIR program does not fund Phase III. In some Federal agencies, Phase III may involve follow-on non-SBIR funded R&D or production contracts for products, processes, or services intended for use by the U.S. government.

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What is STTR?

Small Business Technology Transfer (STTR) is another program that expands funding opportunities in the federal innovation R&D arena. Central to the program is expansion of public/private sector partnerships to include joint venture opportunities for small businesses and nonprofit research institutions. The unique feature of the STTR program is the requirement for the small business to formally collaborate with a research institution in Phase I and Phase II. STTR’s most important role is to bridge the gap between performance of basic science and commercialization of resulting innovations.

The STTR Program is structured in three phases:

Phase I. The objective of Phase I is to establish the technical merit, feasibility, and commercial potential of the proposed R/R&D efforts and to determine the quality of performance of the small businesses. STTR Phase I awards normally do not exceed $150,000 total costs for 1 year.

Phase II. The objective of Phase II is to continue the R/R&D efforts initiated in Phase I. Funding is based on the results achieved in Phase I and the scientific and technical merit and commercial potential of the Phase II project proposed. Only Phase I awardees are eligible for a Phase II award. STTR Phase II awards normally do not exceed $1,000,000 total costs for 2 years.

Phase III. The objective of Phase III, where appropriate, is for the small business to pursue commercialization objectives resulting from the Phase I/II R/R&D activities. The STTR program does not fund Phase III. In some Federal agencies, Phase III may involve follow-on non-STTR funded R&D or production contracts for products, processes, or services intended for use by the U.S. government.

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Is My Small Business Eligible?

Your first step in developing a funding strategy that relies on SBIR/STTR funding is to ensure you meet the eligibility requirements. Learn more about eligibility

 

NM FAST Assistance

Through NM FAST, qualified businesses statewide receive assistance through a series of introductory workshops, webinars, and a resource directory. In addition, the program will offer select companies FAST Impact Assistance, which provides one-on-one expert proposal development assistance and funding for professional services.

 SBIR/STTR Workshops

All aspects of writing competitive proposals for R&D funding through federal SBIR/STTR programs are covered in a series of informative seminars and workshops led by seasoned consultants. The training covers all agencies, including the Department of Energy (DoE), National Science Foundation (NSF), Department of Defense (DoD), NASA, and the National Institutes of Health (NIH).

View course descriptions, schedules, and registration, click here

 NM FAST Impact Assistance

Creating competitive SBIR/STTR proposals requires diligence, planning, and attention to deadlines. NM FAST provides selected small businesses with:

  • Assistance in identifying appropriate solicitations and topic areas
  • How-to information on agency registrations and electronic proposal submission
  • Guidance on proposal preparation, including assessments of technical objectives and hypotheses and drafting supporting documents (e.g., biographical sketches, resources, and budgets)
  • Specifics on the target agency’s requirements for commercialization content in Phase I/Phase II proposals
  • Technical reviews and edits of proposals, with feedback
  • In addition, NM FAST will provide select first-time awardees micro-grants of $650 to cover the expenses of professional services (e.g. Commercialization Plan Assistance, Development Partner Identification Assistance, Research Partner Identification Assistance, Counsel on Patents and Technology Licensing, and Indirect Cost Rate Advisement) for proposal development. Contact us to learn more about Impact Awards.

 

Apply Now!

 

Note: Applications will be evaluated for NM FAST Impact Assistance with respect to a well-defined scientific problem and/or business opportunity, technical merit and fit to federal solicitation, commercialization potential, qualifications of team, and qualifications of consultant or other firm to be hired. Preference may be given to those applicants that have received one or less SBIR/STTR grant in the previous three years.

Resources

This page is designed to assist small businesses that are unfamiliar with the SBIR and STTR programs to determine if they are eligible
to participate in these programs and how to prepare a responsive Phase I proposal.

Click here for more information.

FAQs

This page is designed to assist small businesses with answering generally asked questions about the SBIR and STTR programs.

Click here for information.


We would like to hear from you.

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