by Winston Stiller â€¢ 2020-03-12
The SBIR and STTR collaborate with the National Institution of Health (NIH) to provide a variety of funding opportunities for startups and small businesses. The SBIR and STTR are currently the largest sources for technology commercialization in the United States. These programs are known as America's Seed Fund because they invest over 1 billion dollars with a mission to save more lives and improve overall health. Find out which funding opportunity announcement (FOA) is right for you!
The NIH SBIR program funds startup small businesses that are trying to commercialize innovative biomedical technologies. In addition, this program assists small businesses in conducting federal research, developing useful technologies, and creating new jobs.
The NIH STTR is similar to the NIH SBIR except that it requires the small business to collaborate with a research institution. They must collaborate with a research institution for Phase 1 and Phase 2 of the Process. This is another great funding opportunity for startup small businesses.
It is important to learn the basics about how the NIH approaches grant funding and plan your approach accordingly when submitting the NIH grant application. After you are familiar with the process, you should prepare to apply, write your application, and submit your NIH application via the NIH JIT procedures shown below. You can get a more in-depth overview of this process here.
There is an abundance of NIH funding opportunities available, but it is important to make sure you are familiar with the process before you begin! You can also watch a video about the NIH funding process overview.
It is important that you review the specific qualifications before submitting an NIH grant application. The NIH has clinical trial requirements for grants and contracts which can be found here. Clinical trials are changing the NIH application requirements, so it is crucial that you understand these requirements before you request SBIR, NIH, or SSTR Funding.
The NIH has an easy to remember application process known as Just-In-Time (JIT) procedures. This process helps businesses submit your application and makes it easier to receive your award dollars. You can learn more about the NIH application process here.
Abundant Funding is passionate about helping small businesses and individuals maximize their potential. You can read more about our small business startup funding options here, or you can apply here and a representative will contact you within 24 hours to assist you with your nih funding application. Abundant Funding is very familiar with a wide variety of NIH Funding Opportunities and wants to do whatever it can to help you succeed!
When submitting an NIH application, there are an abundance of forms you must become familiar with. You can visit the NIH Websiteto get a better idea of all the forms involved in the process. Make sure you become familiar with the proper NIH forms before submitting an application.