10 Funding opportunities for small businesses in innovative research and development
Are you looking for ways to fund a project? Do you need funds for your research and development business? Here are 10 grants for small businesses with areas of focus on innovation, research and development.
Small Business Innovative Research Program
The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.
Small Business Technology Transfer
(STTR) is another program that expands funding opportunities in the federal innovation research and development (R&D) arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small businesses and nonprofit research institutions. One more thing to add, the STTR mandates that the agency does business with small businesses.
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National Institutes of Health
NIH offers funding for many types of grants, contracts, and even programs that help repay loans for researchers. NIH also supports Research Training and Career Development programs to help prepare individuals for careers in biomedical, behavioral, social, and clinical research.
The Department of Defense which includes, the Army, Navy, Air Force or DARPA, will help fund and commercialize your entrepreneurship initiatives. The recipient projects must have the potential for commercialization and must meet specific U.S. Government R&D needs.
NIFA or the National Institute of Food and Agriculture provides grants in areas of research, education and extension activities. Some programs administer funding and offer leadership while others focus on national leadership and collaboration.
The NIST, National Institute of Standards & Technology gives small business grants to companies developing technology in areas of cyber security, manufacturing, software and trade.
NOAA, National Oceanic & Atmospheric Administration is an agency that enriches life through science. The department offers grants for development and research in coastline communities and economies, healthy ocean monitoring, climate adaptation and mitigation.
Oral diseases and disorders research
The National institutes of Health provides grants for small business who performs research, training, or education in oral health.
Minnesota Department of Agriculture
The Crop Research Grant program though the AGRI provides funding for crop research that will improve agricultural product quality, quantity, and or value. Most Minnesota bases organizations, research entities, an individual or business is eligible to receive funding.
The Education Innovation and Research Program administers 25 different grant programs to businesses with an area of focus in developing, and scaling solutions to education, innovative educational programs and practices.
There are many ways to fund your business outside of a traditional business loan. While many grant programs may have qualification requirements, they may be beneficial in the long run.