STTR

STTR is a U.S. government program designed to stimulate technological innovation and facilitate the transfer of technology from research institutions to the marketplace. The program is highly relevant to businesses, especially those in the technology and innovation sectors. Here’s a breakdown of STTR for professionals in business, sales, marketing, and tech:

Unlike its sister program SBIR, STTR requires small businesses to formally collaborate with a research institution (like a university or federal lab) in the early stages of R&D. Funding structure:

Additional Requirements

Understanding STTR can be valuable for professionals in business development, sales, and marketing when working with or targeting early-stage tech companies or academic spinoffs. For those in tech, it represents a potential funding source for innovative ideas that require significant R&D before commercialization.

Exit mobile version