Small Business

CAPITAL
that meet the requirements of
paragraph (a)(1)(ii) of this section
must comply with §121.705(b)
concerning registration and
proposal requirements.
6. No single venture capital operating
company, hedge fund, or private
equity firm may own more than
50% of the concern.
7. For awards from agencies using the
authority under 15 U.S.C. 638(dd)
(1), an awardee may be owned and
controlled by more than one VC,
hedge fund, or private equity firm
so long as no one such firm owns a
majority of the stock.
8. If an Employee Stock Ownership
Plan owns all or part of the
concern, each stock trustee and
plan member is considered an
owner.
9. If a trust owns all or part of the
concern, each trustee and trust
beneficiary is considered an owner.
10. Phase I awardees with multiple
prior awards must meet the
benchmark requirements for
progress toward commercialization.
SBIR-Participating Agencies
Each year, Federal agencies with
extramural research and development
(R&D) budgets that exceed $100 million
are required to reserve 2.9% (FY 15)
of the extramural research budget
for SBIR awards to small businesses.
These agencies designate R&D topics
and accept proposals. Currently, eleven
agencies participate in the SBIR
program:
• Department of Agriculture
• Department of Commerce -
National Institute of Standards and
Technology
• Department of Commerce -
National Oceanic and Atmospheric
Administration
• Department of Defense
• Department of Education
• Department of Energy
• Department of Health and Human
Services
• Department of Homeland Security
• Department of Transportation
• Environmental Protection Agency
• National Aeronautics and Space
Administration
• National Science Foundation
For additional information visit
www.sbir.gov.
SMALL BUSINESS
TECHNOLOGY TRANSFER
PROGRAM
Small Business Technology Transfer
(STTR) is another program that
expands funding opportunities in
the federal innovation research and
development (R&D) arena. Central to
the program is expansion of the public/
private sector partnership to include
the 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.
STTR Program Eligibility
Only United States small businesses
are eligible to participate in the STTR
program. The small business must meet
all of the following criteria at time of
award:
• Organized for profit, with a place
of business located in the United
States;
• At least 51 percent owned
and controlled by one or more
individuals who are citizens of, or
permanent resident aliens in, the
United States, and;
• No more than 500 employees,
including affiliates.
The nonprofit research institution
must also meet certain eligibility
criteria:
• Located in the US
• Meet one of three definitions:
• Nonprofit college or university
• Domestic nonprofit research
organization
• Federally funded R&D center
(FFRDC)
STTR differs from SBIR in three
important aspects:
1. The SBC and its partnering
institution are required to
establish an intellectual property
agreement detailing the allocation
of intellectual property rights
and rights to carry out followon
research, development or
commercialization activities.
2. STTR requires that the SBC
perform at least 40% of the R&D
and the single partnering research
institution to perform at least 30%
of the R&D.
3. Unlike the SBIR program, STTR
does not require the Principal
Investigator to be primarily
employed by the SBC.
STTR-Participating Agencies
Each year, Federal agencies with
extramural research and development
(R&D) budgets that exceed $1 billion
are required to reserve 0.40% (FY 15)
of the extramural research budget for
STTR awards to small businesses.
These agencies designate R&D topics
and accept proposals. Currently, five
agencies participate in the STTR
program:
• Department of Defense
• Department of Energy
• Department of Health and Human
Services
• National Aeronautics and Space
Administration
• National Science Foundation
For additional information visit
www.sbir.gov.
Kris Johansen, Ph.D.
SBIR/STTR Program Administrator
Office of Intellectual Property and
Technology Transfer
310 Labs of Mechanics
Ames, IA 50011
kajohans@iastate.edu
515-294-3208 • 515-294-0778 Fax
www.techtransfer.iastate.edu
Jordan Hobfoll
Statewide SBIR/STTR Program Coordinator
Iowa Innovation Corporation
505 5th Ave., #835
Des Moines, IA 50309
Jordan.hobfoll@iicorp.com
515-421-4038
www.iicorp.com
38 — Iowa Small Business Resource
Visit us online: www.sba.gov/ia