Research grants are a great source of non-dilutive capital that can enable you to further de-risk the science and technology that serve as the foundation of your business. Additionally, they can be an effective way to externally validate your ideas and research plan. The challenge is that the grant review process can be lengthy and there are limitations on what the funds can be used for. Tips on obtaining small business grants are included here.
NIH's SBIR/STTR Niche Assessment Program
The NIH’s SBIR/STTR Niche Assessment Program (NAP) is a nationwide program to help jump-start an SBIR/STTR Phase I awardee's commercialization efforts. Technology Niche Analyses® are provided by Foresight for 138 NIH SBIR/STTR Phase I awardees. These analyses are often awarded on a first come, first served basis and assess potential applications for a technology and then for one viable application, it provides an assessment of the:
1. needs and concerns of end-users;
2. competing technologies and competing products;
3. competitive advantage of the SBIR/STTR-developed technology;
4. market size and potential market
5. barriers to market entry (pricing, competition, government regulations, manufacturing challenges, capital, etc.);
6. market drivers;
7. status of market and industry trends;
8. potential customers, licensees, investors, or other commercialization partners; and,
9. the price customers are likely to pay.
Each participant receives an in-depth report. Oftentimes the small business can use this information in their commercialization plans for their Phase II applications. For more information, see Notice NOT-OD-13-109 that was placed in the NIH Guide for Grants and Contracts on August 28, 2013.
Grant Making Organizations
Bayer HealthCare Grants4Targets Initiative
Bill & Melinda Gates Foundation
Congressionally Directed Medical Research Programs
Department of Defense SBIR/STTR Grants Program
Department of Commerce State of Washington
Health Sciences & Services Authority of Spokane County
Life Sciences Discovery Fund
Medic One Foundation
National Institutes of Health SBIR and STTR Grants
National Science Foundation SBIR/STTR Program
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs
SMARTCAP- Space Medicine and Related Technologies Commercialization Assistance Program
Washington Global Health Alliance
Add an organization
If you would like to add your grant making organization to this list, or if you know of a grant making organization that would be of benefit to Life Science Washington members and the life sciences community in Washington state, please send the organization name and website to yesenia@LifeScienceWA.org.