The National Science Foundation Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs provide funding for innovation. The SBIR program funds high-risk, high-reward research and development at small businesses, aiming to bridge the "valley of death" between discovery and commercialization. It provides $120 million annually in Phase I and Phase II awards. Proposals are reviewed based on both the technical and commercial merit and must demonstrate potential for commercial and societal benefits. The NSF SBIR program focuses on enabling market-driven innovation through strategic partnerships and networks that can attract further non-SBIR funding.

1. The National Science Foundation Small Business Innovation Research (SBIR) Small Business Technology Transfer (STTR) Programs Errol Arkilic [email_address] Office of Integrative Activities Division of Industrial Innovation and Partnerships

2. Sources of Funding for Innovation 12/22/11 Valhalla Confidential Venture Capital Angels / Friends & Family Private Equity Company Profits Non-profits / Grants The Government Commercial Banks

3. Small Business Investors Accelerate Innovation Innovation Spectrum ENG NSF GOALI I/UCRC PFI ERC NSF STTR NSF SBIR Industry Valley of Death -----------II-R---- ------II-B--------------------- ------------- Supplements Resources Available ($) Discovery Development Commercialization Level of Development Unbridgable Gulf of Death I-Corps

4. The design, invention, development and/or implementation of new or altered products, services, processes, systems, organizational structures, or business models for the purpose of creating new value for customers and financial returns for the firm Innovation* *Innovation Measurement A Report to the Secretary of Commerce January 2008

7. What is your Enterprise Risk Profile? (are you NSF SBIR material) Venture Capital Threshold Angel Capital Threshold Economic Development Funds Threshold NSF SBIR/STTR Threshold Technology Risk Market Risk People Risk Finance Risk Friends, Family (and Fools) Threshold Senior Debt Threshold