1. Funding your company through Federal & State $$
Robbie Melton
High Technology Development Corp.

2. Federal Funding Opportunities
Grants
Small Business Innovation Research Grants (SBIR)
Broad Agency Announcements (BAA)
Contracts
8(a)
Loans
SBA
USDA

3. Small Business Innovation Research Program (SBIR)

4. So What is SBIR? A federally mandated program in 11 agencies
Meet Federal research and development needs
Relies on Companies to do R&D of critical need to the U.S.
Stimulate technological innovation

5. Why SBIR? FREE MONEY! Over $2 billion annually for small business
3 Funding Phases:
Ph I – feasibility/market potential $150,000
Ph II – Development phase $1,000,000
Ph III commercialization (no SBIR $)

6. Participating Agencies
Department of Agriculture
Department of Commerce-
NOAA
NIST
Department of Defense
Department of Education
Department of Energy

7. Participating Agencies
Department of Health & Human Services
Department of Homeland Security
Department of Transportation
Environmental Protection Agency
National Aeronautics and Space Administration
National Science Foundation

8. SBIR Eligibility Must be a small business
independently owned and operated
for profit
< 500 employees
Principal place of business in US, 51% owned by US Citizen
The PI must be primarily employed by the small business
2/3 of the work must be conducted by the business in Ph I

9. Caveats SBIR doesn’t fund:
Mere product improvements
Only product development (w/o high risk research)
Proposals not in areas of critical national need
Research teams lacking credibility (in eyes of reviewers)
Poorly-written proposals

10. Less than 20% of all applications get funded
Want to know more?
Check out currently open solicitations
Proposal must include: Business Plan, Executive Summary, Cost Proposal, Technical Proposal
Less than 20% of all applications get funded

11. Hawaii SBIR Champions

12. Hawaii SBIR Matching Grant
A program of HTDC

13. Hawaii SBIR Awards 96 Hawaii Companies
332 Awards totally $106 million
$36 million Phase 1
$70 million Phase 2
Attracted $72 million in additional funding to Hawaii

14. Leverages the Federal $$$
Pay for expenses restricted by the Federal Grant
Travel to meet customers or attend conferences
Market research and business planning
Purchase additional equipment
Hire employees
Helps companies develop their product faster

15. Hawaii SBIR Matching Funds
Phase 0 (application) $3,000
Phase up to $75,000
Phase up to $500,000
Phase up to $500,000
IT’S A GRANT!
Potential free funding for your product
Up to $1.5 million

16. Hawaii SBIR Matching Funds
Application Process
Apply on line
A 2 tier review process
Make presentations
Must have received Federal SBIR award notice to qualify
Economic Development for company
Awards are competitive
Applications are now being accepted

17. SBIR Application Assistance
SBIR program has strict application requirements
Innovate Hawaii provides:
SBIR orientation/qualification
Proposal writing assistance
Training workshops and conferences
Product development assistance

18. Additional Assistance
Finding qualified researchers
Conducting Market Research
Commercialization assistance (biz planning, product development, sourcing suppliers, etc.)

19. Manufacturing Assistance Program Another Grant!
Matching grant up to 20% to a maximum of $100,000 of Costs
Eligible Expenses
purchasing equipment,
training employees on equipment,
energy efficiency improvements,
feasibility studies for establishing manufacturing
Must be manufacturing in HI & have appropriate NAICS codes.

20. THANK YOU