Become an SBIR, SBTT & STTR Partner with Butler Technologies Inc.
Here at Butler Technologies, we pride ourselves on being the leader in the wearable technology industry. We work with both startup companies and both small and mid-sized businesses to create the most innovative products on the market. Did you know that you might qualify to receive government funding for your next project?
The Small Business Innovative Research (SBIR) is one way for small businesses in the United States to get funding for new and innovative research and development products and programs. A very similar government fund called the Small Business Technology Transfer (SBTT) also provides similar funding to small businesses. Together these programs are often referred to as America’s Seed Fund.
Both of the programs have three phases. The first phase is to prove the quality of the idea. Usually, businesses that are awarded in this phase are only receiving up to $150,000 for no more than one year. Businesses cannot skip phases to get to further ones in the program. The second phase is to allow the business to put additional money into the research and development of the product. Small companies that get awards in this phase are not usually more than $1,000,000 over two years. If the business gets through the first two stages, they can advance to the last phase. Phase three is based on getting the product into the consumer’s hands.
The SBIR program started in 1983 by President Regan as a way for the government to help small businesses create new technology that can help the government and the general public with one of the main contributors to the SBIR being the Department of Defense (DOD).
According to the National Institute of Health website, “Eleven federal agencies have SBIR programs and five of these agencies also have STTR programs.” Also, “The Small Business Administration (SBA) serves as the coordinating agency for the SBIR and STTR programs.”
According to the DOD website, they have helped almost 74,000 small businesses. They have also assisted small businesses file over 18,000 patents. Over time the DOD has granted over $23 billion to work on research and development all over the country.
The office of small business programs by the DOD states that there are five main goals of the SBIR/STTR program. The first goal is “to stimulate technological innovation.” Second, “Use small businesses to meet federal R&D needs.” Third, “Encourage participation by socio-economically disadvantaged firms.” Fourth, “Fund cooperative R&D between small businesses and research institutions” Lastly, “Bridge the funding gap between basic research and the commercial marketplace.” BTI can relate to a lot of the SBIR program goals. We are the leader of wearable technology, and we are constantly innovating our products.
As a tech company, we need to remain “one-step-ahead” of our competition. BTI does that by creating partnerships with other innovative businesses. Many members of our team are made up of women, even our CEO. We are the only wearables manufacturing company with a woman CEO. If you’re still curious about the government SBIR and STTR programs check out this website. Keep reading to learn about some wearable technology in military applications.
If you have an idea for a new project, let our team of wearable experts know. Remember that Butler Technologies Inc. can work with SBIR and STTR companies to produce the most innovative military applications. If you want to learn more about BTI, check out our website https://butlertechnologies.com/
Meet the Author
Ashley Foster is a graduate of Slippery Rock University, where she earned her Bachelor’s degree in Business Administration, majored in Business Management and minored in Marketing. While Ashley was studying at SRU she found a passion for marketing. Although she is busy working, she spends her free time traveling and hiking with friends. She is also a volunteer for the American Marketing Association, Pittsburgh Chapter, and an active alumni member of FCCLA.
