Small Business Innovation Research (SBIR) grants and similar programs like UK Innovate grants are tremendous resources to allow small companies to accelerate their innovation and path to market. These grants offer numerous advantages that can significantly impact your business growth:
Key Benefits:
- Non-dilutive funding
- External validation of your technology
- Retention of intellectual property
- Financial support for growth and increased valuation
SBIR Program Impact
The SBIR program, managed by agencies like the National Institutes of Health, the National Science Foundation, and the Environmental Protection Agency, plays a crucial role in:
- Fostering small business growth
- Creating jobs
- Driving technological innovation in the United States
Success Stories: SBIR-supported innovations include Qualcomm, Lasik surgery, and components of the Perseverance Mars rover.
Maximizing Your SBIR Grant Success
An SBIR grant is an excellent means of translating your existing IP or concept to a prototype or beyond. To improve your chance of success:
- Build an Experienced Team: SBIR grant reviewers usually improve review scores when the grant applicant has an experienced team in both the technology and the steps required to commercialize the technology.
- Leverage Specialized Support: Enhance your team with consultants and sub-contractors who specialize in one or more needed aspect of the technology development.
- Consider Alternative Structures: It is even possible for a secondary institution to act as the primary grantee if they are more suited to the technical work than the company who originated the concept for the grant.
Cambridge Polymer Group: Your SBIR Grant Partner
With a track record of success in SBIR grants from NIH, NSF, and NIST, Cambridge Polymer Group offers valuable expertise in medical device technologies and analytical test equipment development.
Our Services:
- Grant development support
- Consulting and sub-contracting
- Primary awardee for virtual companies lacking infrastructure
Unique Qualifications:
- Multiple SBIR grant recipients
- Experience serving on grant review panels
- Expertise in both technical work and commercialization
Partner with Cambridge Polymer Group to maximize your chances of SBIR grant success and accelerate your innovation journey.