Grants to Business
The BioSTL Grants to Business (G2B) program offers training and support designed to help life-science startups develop competitive applications for business grants with a particular focus on “Small Business Investigational Research/Small Business Technology Transfer’” grants (SBIR/STTR) and other non-dilutive funding. Most early-stage life-science companies are in need of technical de-risking before they can realistically compete for investment. SBIR/STTR and other non-dilutive funding are well suited for this purpose. The G2B program has been successful helping life-science entrepreneurs understand the qualifications and develop winning applications for SBIR/STTRs and other non-dilutive grant funding.
Federal business grant programs (SBIR – STTR) represent over $2.5 billion in available funding, with over $1 billion of that focused on the life-sciences. The Department or Defence’s “Congressionally Directed Medical Research Program” (CDMRP) program provides and additional $1 billion plus specifically for medical research. Such funding can be a significant source of revenue – a life-science company that wins Phase I – Phase IIb SBIR/STTR funding from the NIH for example can secure over $4.7M in non-dilutive capital and CDMRP grants can be even larger.
The G2B program is closely coordinated with the Fundamentals Coaching and Resources track, to help G2B candidates develop sound business models and teams. In its first year of operation, the BioSTL G2B program has supported early stage companies that have won “fundable” scores on grant applications totaling $11.5 million.
The program provides entrepreneurs with the support necessary to craft competitive business models and grant applications. The program runs three annual cycles using an “Incentive Driven Calendar” – companies win support resources by achieving specific business development milestones by specific dates in each cycle. (All support is free of charge.)
G2B support includes:
- Two-day intensive SBIR/STTR training (From BBC, a full-time grant consultancy)
- Basic strategic and textual consultations for initial (Phase I) applications from BBC
- Business sector expert consultants and team-building for later (Phase II) applications
- “Mock panel” application review and feedback from expert reviewers
- Administrative support
We aim to significantly increase Missouri’s life-science business grant funding so that Missouri’s rank equals our population rank by 2019 and our academic grant rank by 2021.
Click here to get on the blast list for the next G2B TRAINING SEMINAR
SBIR/STTR Training Workshop
BioGenerator is hosting a free two-day SBIR/STTR training workshop to help companies navigate the application process.
Developing SBIR/STTR proposals is a complex process with a steep learning curve, but the impact of receiving $millions in non-dilutive funding is worth the effort! This 2-day workshop is timed to coincide with the April 5, 2018, National Institutes of Health’s (NIH) deadline and will provide detailed instruction on developing a competitive proposal for the NIH SBIR/STTR program.
The workshop will begin with SBIR/STTR basics, including eligibility requirements, participating agencies, the difference between SBIR/STTR, etc. as well as an overview of the NSF, DoD, DoE and USDA SBIR/STTR programs. Based on past feedback, we are incorporating instructions specific to NSF submissions to this session. Then we will take a deep dive into NIH proposal preparation, including:
Strategies for targeting your proposal to address NIH’s mission/requirements
How to approach each section of your proposal
How to prepare a budget for your proposal (via webinar)
Writing to meet reviewer expectations
Planning your commercialization strategy
Common problems and pitfalls and how to avoid them
The workshop will be conducted by SBIR/STTR expert, Michael Kurek, MBA, who has trained hundreds of individuals from SBIR novices to tenured faculty and experienced SBIR entrepreneurs.