Common Challenges in SBIR/STTR Proposals

The SBIR/STTR federal programs provide non-dilutive funding to support ideation and commercialization of groundbreaking technologies and are invaluable to small business development. At the same time SBIR/STTR is also highly competitive and successful preparation and submission of proposals may be very challenging for inventors who have no previous SBIR/STTR experience. Participation in the SBIR/STTR programs requires the paradigm shift: inventors should be able to demonstrate not only their superior technical and scientific skills but also be able to think like business people and demonstrate that their R&D efforts may result in the development of successful commercial products.

In this 45-minute recorded webinar, Foresight Science & Technology Senior Consultant Kris Parmelee provides a detailed rundown of common weaknesses of SBIR/STTR proposals. Potential pitfalls include:

• lack of innovation and technical risk
• non-optimal selection of the PI
• lack of team’s commercialization expertise
• weak commercialization plan
• unrealistic revenue projections
• developmental timeline

The webinar will be very useful not only for SBIR/STTR newbies but also for inventors with previous SBIR/STTR experience who want to improve the efficiency of their application submission. This webinar covers multiple topics and offers suggestions which will undoubtedly strengthen your future proposals.

Presenter:   Kris Parmelee, Foresight Science & Technology Senior Consultant