Thursday, March 20, 2014

#health2stat stimulating innovation SBiR STTR

Small business innovation research and technology transfer programs

11 participating government agencies

This includes NIH which has 27 participating centers.
$700m set aside annually at NIH

Portfolio areas include from digital health to novel technologies for un-druggable treatments

Not a loan – seed funding

It stimulates innovation in areas of need

3 phases:
1. Conceptual
2. Development
3. Commercialization

Proof of concept = $150k for 6 months
Up to $2m for phase 2 projects

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