R&D Funding

Each year the federal government invests more than $2.0 billion in small businesses that conduct cutting-edge research.  The Small Business Innovation (SBIR) program is a competitive grant program that encourages small businesses to provide innovative solutions for the government’s technological needs.  It funds high-risk projects at the earliest stages of development--before companies can attract traditional investment.  Terms are extremely favorable, and the industry partner keeps the commercial rights to any resulting patents.

The SBIR program is designed for those companies who have engineers and scientists interested in being technology leaders.  SBIR funded companies are able to pursue revolutionary technology--sometimes considered too risky to pursue with limited internal funding.  The profile of a typical company, that is successful in the SBIR program, is less than 20 years old and employs less than 150 employees.  The company focuses on production of a limited number of products and has an R&D department with an above average budget.

R&D Solutions encourages utilization of currently available DoD resources by the private sector to create innovative solutions for DoD through the Small Business Innovation Research (SBIR) and other R&D funding programs.  Specific objectives of the program include the following:   

·  Create awareness of the SBIR/STTR programs in the region to stimulate interest in the DoD programs.

·  Partner with and leverage existing SBIR/STTR outreach and support efforts in the region to maximize impact of this program.

· Utilize the SBIR/STTR conferences, outreach and support efforts to stimulate interest in Patent License Agreements or other DoD partnerships.

Contact information regarding R&D Solutions

Dr. Michael Muthig, Project Manager

Concurrent Technologies Corporation

1233 Washington Street, Suite 1000

Columbia, SC 29201

Phone: 252-619-3467

muthigm@ctc.com