LaunchTN’s Virtual Workshop: SBIR/STTR Accounting

Congratulations! Your company has received a Phase I SBIR/STTR award. Now what? RSVP here

In this webinar, we will cover the basics required to establish a sound accounting system in Phase I, along with some basic finance rules to follow as you complete your work and draw down funding from the awarding agency. We’ll also help prepare you for a Phase II award, where indirect rates can be negotiated and more stringent rules and an audit are the norm.

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program is a highly competitive federal program that encourages domestic small businesses to engage in research and development that has the potential for commercialization. Through a competitive awards-based program, SBIR/STTR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization.

This workshop is funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Tennessee companies receiving DOE SBIR, STTR Phase II grants

(Originally published on Department of Energy)

The Department of Energy (DOE) will award 105 grants totaling $116 million to 92 small businesses in 31 states, including some in Tennessee. 

Funded through DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, the selections are for Phase II research and development (R&D). 

Small businesses that demonstrated technical feasibility for innovations during their Phase I grants competed for funding for prototype or processes development during Phase II. 

In addition, prior Phase II awardees competed for second or third Phase II awards to continue prototype and process development. The median Phase II award is $1,100,000 for a period of two years.   

Those awardees include:

  • Coulometrics (Chattanooga)

Project Title: The development of a stabilized SEI layer for si-containing lithium ion battery anodes

  • Carbon Rivers LLC (Knoxville)

Project Title: Recovery of glass fiber reinforcement from retired wind turbine blades for recycled composite materials

Summary: An innovative process is being developed to convert waste from retired wind turbine blades, as well as other reinforced plastics, into new materials for manufacturing. If successful, this technology would allow for wind blades and other reinforced plastics to be diverted from landfills and into new lightweight materials for making products like fuel efficient vehicles.

SBA Awards LaunchTN Grant to Support Small Business Innovation and R&D Commercialization

The U.S. Small Business Administration recently granted 24 awards up to $125,000 in the Fiscal Year 2019 through its Federal and State Technology (FAST) Partnership Program. TAEBC’s Energy Mentor Network partner, Launch Tennessee (LaunchTN), was named the grant recipient for Tennessee.

The program’s goal is to improve outcomes for underrepresented entrepreneurs in its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. FAST also aims to increase participation for rural-based, women-owned and economically disadvantaged firms.

In addition to receiving one-year of funding beginning September 30, the FAST program offers mentorship, technical assistance, specialized training and outreach opportunities for R&D focused small businesses. Organizations use the funding to help enact state and regional programs that support SBIR applicants and awardees.

“FAST partners support an important role in attempting to fill various gaps that R&D-focused small businesses may have to help them win SBIR/STTR awards,” said Acting Administrator Christopher Pilkerton in a prepared statement. “They focus on the needs of next-generation high-tech firms and support them through the entire cycle from ideation to commercialization. SBIR funding is one way to do that. Additionally, a number of these awards are going to partners that are located in Opportunity Zones where job creation and investments are moving forward to revitalize communities.”

To learn more about FAST, follow this link.