The Small Business Innovation Research and Small Business Technology Transfer, or SBIR/STTR, programs are the largest source of early-stage technology financing in the United States. In Indiana, Elevate Ventures facilitates the SBIR/STTR program and using state dollars matches 50 percent of up to three SBIR/STTR Phase I grants ($150,000 maximum match) per recipient. SBIR/STTR programs are highly competitive and encourage small businesses to explore their technological potential. Funding is available from 11 participating agencies throughout the United States and focuses on various technological areas.

SBIR/STTR grants are usually for STEEAM Small Businesses (Science, Technology, Engineering, Education, Agriculture, and Manufacturing).

Since 2014, Indiana’s SBIR/STTR matching program has provided over $5.2 million to 73 companies in 13 Indiana counties. Collectively, these companies have attracted over $19.4 million in federal SBIR/STTR grants and over $12.4 million from other capital sources.

More About SBIR/STTR

SBIR/STTR are two of the most effective STEEAM programs in the federal government and important sources of pre-seed and seed-stage non-dilutive capital. Funding is available from 11 participating agencies throughout the United States and focus on various technological areas, including the following:

Companies eligible for Indiana’s SBIR/STTR program are Indiana-headquartered, for-profit “small businesses” with fewer than 500 employees. They must be owned by one or more individuals who are citizens of, or permanent resident aliens in, the United States of America. Parties with an SBIR/STTR request should apply to Elevate Ventures within 6 months of the SBIR term start date.

If you’re ready to start a conversation with Elevate Ventures, contact us to tell us about your idea or business. Click here to sign up to receive the SBIR/STTR newsletter.

Partnership

This matching program is made possible through a partnership with the Indiana Economic Development Corporation and the Procurement Technical Assistance Center.

Assistance (Turnaround time: 10-14 business days)

• Phase I Assistance
  – Assistance with SBIR application topic identification
  – Phase I proposal review
  – Federal award application support letters
• Phase II Assistance (Phase II is for you to continue if the company has already earned a Phase I)
  – Phase II proposal review
  – Federal award application support letters
• Get assistance today: Visit elevateventures.com/apply, under “Topic” choose “SBIR/STTR”

Apply for State Match (Turnaround time: 10-14 business days)

• Through 21st Century Research & Technology Fund
• $0.50 towards every federal dollar awarded up to $50,000 in Elevate matching per federal award A lifetime maximum of $150,000 in Elevate matching per company, including affiliates

Closing (Turnaround time: 6-8 weeks)

• Contracts will be signed and funds disbursed

Reporting (annual)

• If awarded, company will have to complete annual year-end reports

Department of Agriculture

• Department of Agriculture (USDA)

Department of Commerce

• National Oceanic and Atmospheric Administration (NOAA)
• National Institute of Standards and Technology (NIST)

Department of Defense

• Department of Defense (DoD)

Department of Education

• Department of Education

Department of Energy

• Department of Energy (DOE)

Department of Health and Human Services

• National Institutes of Health (NIH)

Department of Homeland Security

• Department of Homeland Security (DHS)

Department of Transportation

• Department of Transportation (DOT)

Environmental Protection Agency

• Environmental Protection Agency (EPA)

National Science Foundation

• National Science Foundation (NSF)

National Aeronautics and Space Administration

• National Aeronautics and Space Administration (NASA)