Federal and State Technology Partnership Program (FAST)

About this funding opportunity

FAST Program Federal and State Technology Partnership Innovation and Commercialization Support

The Federal and State Technology (FAST) Partnership Program aims to empower Hoosier innovators to prepare for SBIR/STTR award opportunities. The IEDC has partnered with the Applied Research Institute (ARI) to provide holistic SBIR/STTR support including expert proposal advising, group training, and matching grants to ensure Indiana small businesses and entrepreneurs are able to capitalize on federal research grant opportunities to take their innovative ideas from concept to market.

This opportunity is funded [in part] through a Cooperative Agreement with the U.S. Small Business Administration. What is SBIR/STTR?

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are non-dilutive funding opportunities for entrepreneurs and small businesses to support scientific and technological innovation through Federal research funds. SBIR/STTR opportunities provide funding to develop your technology and chart a path toward commercialization. With 11 participating Federal agencies, there are a wide range of research and funding opportunities available. SBIR v. STTR

SBIR and STTR awards have differing project eligibility requirements. Before browsing federal opportunities, reflect on which award type is most aligned with your company's capabilities and goals.

Applicability ### SBIR Eligibility Requirements ### STTR Eligibility Requirements

Small Business Concern (SBC) Must be an American-owned business Must be independently operated Must be a for-profit business Must have five hundred or fewer employees If sub-contract with another party, or with multiple parties: SBC must do at least two-thirds of research during Phase I; SBC must do at least one-half of research during Phase II Must be an American-owned business Must be independently operated Must be a for-profit business Must have five hundred or fewer employees Not less than 40% of the research/research development must be performed by SBC Small Business Concern (SBC) Principal Investigator (PI) Must be primarily employed with SBC Must be primarily employed with SBC Research Institution (RI) Involvement of RI not required If the SBC subcontracts with RI: RI may conduct up to one-third of research during Phase I; RI may do up to one-half of research during Phase II Research Institution collaborator required Must be one of the following: A non-profit college or university; A domestic non-profit research organization; or A federally funded Research and Development Center RI required to conduct at least 30% of research and development but may conduct up to 60% of research and development Federal Program Requirements

Requirements SBIR STTR

Applicability 6 months 12 months Number of participating SB 11 5 SBC PI Up to $150,000 Up to $150,000 % of Agency's RI 3.00% 0.45% IP allocation agreement required No Yes Nonprofit RI or FFRDC participation required No Yes PI employment small business small business or RI Applicant small business small business Federal Award Timeline and Eligibility How It Works:

Participating in America's Seed Fund happens in three phases. Proof of Concept

1

6-12 months

$50,000 - $275,000 Technology Development

2

24 months

$750,000 - $1.8 million Commercialization

3

Take your product to the commercial market or sell in the multi-billion dollar federal contracting marketplace Eligibility

SBIR/STTR program eligibility requirements are in place to ensure that small, for-profit, independent, U.S. business concerns benefit from these programs. The regulations include restrictions on: the type of firm; For Profit its ownership structure; and a majority (more than 50%) of your firm’s equity must be directly owned and controlled by the following: (1) one or more individuals who are citizens or permanent resident aliens of the U.S., (2) Other for-profit small business concerns (each of which is directly owned and controlled…

Topic areas: Advanced Manufacturing and Industry, Information and Communication Technologies (ICT), Energy and Environment, Workforce Development.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Federal and State Technology Partnership Program (FAST) is administered by Indiana Economic Development Corporation (IEDC), listed via Indiana Economic Development Corporation.