Powered By: Federal and State Technology (FAST) Partnership Program
Phase I
Feasibility/ Proof of Concept
Up to $150,000
6 months
Powered By: Federal and State Technology (FAST) Partnership Program
FAST provides funding to the Delaware SBDC to execute state/regional programs that increase the number of SBIR/STTR proposals leading to an increase in the number of SBIR/STTR awards, with emphasis on women, socially/economically disadvantaged individuals, and small businesses in underrepresented areas – typically rural communities.
The federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs provide well over $2 billion of non-dilutive capital every year to small businesses developing high risk, high return technology-based products. The money is targeted specifically to fund R&D activities to reduce the technical risk, thereby helping to facilitate access to follow-on funding.
To bring technology from ideas to commercialization, both programs utilize a three phase approach:
As a FAST recipient, the Delaware SBDC wants to see more SBIR wins, so we’ve developed this program to help you. The program is designed to provide qualified entrepreneurs and early-stage research and development companies with:
SBIR Eligibility
Only United States small businesses are eligible to participate in the SBIR program. An SBIR awardee must meet the following criteria at the time of Phase I and II awards:
STTR 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:
The nonprofit research institution must also meet certain eligibility criteria:
STTR vs SBIR
R&D Tax Credit: State of Delaware’s Perspective
R&D Tax Credit: Practitioner’s Perspective