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NYBA: Sources of Funding
Federal
Small Business Administration
- SBIR/STTR
- Research grants for embryonic projects with commercial potential. There are 3 awards phases.
- Phase I - To establish the technical merit and feasibility of proposed R&D efforts
- Phase II - A continuation of successful phase I efforts.
- Phase III - follow on non-SBIR/STTR awards to fund the commercialization of technologies resulting from Phase I/II SBIR/STTR R&D activities
- A fast-track combined Phase I/II application process is also available
- Important differences between SBIR and STTR
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SBIR
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STTR
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| Phase I | $100K for 6 months | $100K / 12 months |
| Phase II | $750K for 2 years | $500K for 2 years |
| Academic partner | Allowed | Required |
| PI Employment | by business | by business or academia |
- Grant applications are reviewed and awards are made independently by 10 different government agencies. Note that each agency puts out a list of solicitation topics of interest. There are slight differences in rules for each agency.
- Partial list of participating agencies (biotechnology related):
- Department of Defense
- Department of Energy
- Department of Health & Human Services (NIH)
- National Aeronautics & Space Administration (NASA)
- National Science Foundation
- Department of Agriculture
- Environmental Protection Agency
- Application deadlines vary by agency
- For more information on open solicitation topics and links to individual agencies, visit
www.zyn.com/sbir/ or
www.sba.gov/sbir
- Proposal preparation workshops are available but not required. A list of conferences can be found at
http://grants.nih.gov/grants/funding/sbir.htm#conferences or
http://www.zyn.com/sbir/cal/index.htm
- New York Regional SBIR specialists:
Marcie Sonneborn
Central New York Technology Development Organization
315-425-5144
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Jack McGowan
Western New York Technology Development Center
716-636-3626
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Franklin Madison Jr.
Industrial and Technology Assistance Program
212-442-2990
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State
Small Business Technology Investment Fund (SBTIF):NYSTAR
- State operated venture fund that provides capital for start-up high technology companies. Investments range from $50K to $500K with a 3:1 match required from other sources. Investments are made in companies that have demonstrated proof-of-concept.
- For more information contact:
Jeffrey Wetherbee
Managing Director
Small Business Technology Investment Fund
Empire State Development
30 South Pearl Street
Albany, NY 12245
518-292-5134
www.nylovessmallbiz.com
NYSTAR Funding Initiatives
- Various funding programs for academia and industry. Awards based on scientific merit and potential for economic impact in New York State
- Technology Transfer Incentive Program is best suited for companies with ties to New York State based academic institutions
- A list of programs can be found at
www.nystar.state.ny.us/initiatives.htm
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Private
Investment Banks
Venture Capital
Venture Philanthropy
Others
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Web Portals
Community of Science
- An internet site that contains comprehensive information on both public and private funding opportunities. Membership is free. (
www.cos.com)
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Venture Capital
New Leaf Venture Partners
- New Leaf Venture Partners is a leader in healthcare technology venture investing. (
www.nlvpartners.com)
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