The CCTS Translational Innovation Program  is excited to announce the launch of the SBIR/STTR Path to Success Series in partnership with Federal and State Technology (FAST) Partnership Program  as well as internal and external accelerator programs.  FAST awards build the SBIR/STTR ecosystem and provides support and funding to organizations to execute state/regional programs that increase the number of SBIR/STTR proposals leading to an increase in the number of SBIR/STTR awards from women, socially/economically disadvantaged individuals and small businesses in underrepresented areas - typically rural states.  

Do you have a translational science innovation with strong commercial potential that is in need of funding? The U.S. government might fund it for you with up to $4-5 in non-dilutive funding!  The Small Businesses Innovation Research (SBIR) or the Small Business Technology Transfer (STTR) programs represent the nation’s largest source of early stage research and development funding for small businesses. U.S. Small Business Administration (SBA) coordinates the programs, collaborating with 11 federal agencies, who collectively supported more than $4 billion a year in federal research and development funding. www.sbir.gov.

The National Institutes of Health, the Food and Drug Administration and the Centers for Disease Control and Prevention (NIH, FDA, and CDC) SBIR and STTR programs invest over 1 billion dollars into health and life science companies that are creating innovative technologies that align with NIH as well as The Ohio State University CCTS mission to improve health and save lives.  

Through a competitive awards-based program, SBIR and STTR enable small businesses to explore their technological potential and provide the incentive to profit from its commercialization. If your promising translational biotech and life sciences research technologies already has compelling preliminary data and needs funds for further research, development and commercialization, the CCTS TIP would like to strongly encourage you to participate in the new series. In partnership with regional and national collaborators, CCTS TIP would like to support academic entrepreneurs and small biotech and/or life sciences technology businesses in Ohio to prepare a competitive proposal for these grants. The SBIR/STTR program is a game-changer for entrepreneurs from women-owned and socially and/or economically disadvantaged (8a) small businesses– women and minorities are prime candidates and often win.

One of our primary partners of this CCTS program is the FAST Partnership Center at the University of Illinois Urbana-Champaign. The FAST Center at the University of Illinois Urbana-Champaign provides the resources, support and expertise necessary to submit a highly competitive proposal – and helps startups and companies bridge the gap between research and commercialization. Similarly, the FAST awardee in the State of Ohio, Ohio Aerospace Institute is working closely with the CCTS to offer new programs and support to academic entrepreneurs in the state of Ohio.  

For more information, please contact Smitha Sasindrin.