Grants to Business
The BioSTL Grants to Business (G2B) program offers training and support designed to help life-science startups develop competitive applications for business grants with a particular focus on “Small Business Investigational Research/Small Business Technology Transfer’” grants (SBIR/STTR) and other non-dilutive funding. Most early-stage life-science companies are in need of technical de-risking before they can realistically compete for investment. SBIR/STTR and other non-dilutive funding are well suited for this purpose. The G2B program has been successful helping life-science entrepreneurs understand the qualifications and develop winning applications for SBIR/STTRs and other non-dilutive grant funding.
Federal business grant programs (SBIR – STTR) represent over $2.5 billion in available funding, with over $1 billion of that focused on the life-sciences. The Department or Defence’s “Congressionally Directed Medical Research Program” (CDMRP) program provides and additional $1 billion plus specifically for medical research. Such funding can be a significant source of revenue – a life-science company that wins Phase I – Phase IIb SBIR/STTR funding from the NIH for example can secure over $4.7M in non-dilutive capital and CDMRP grants can be even larger.
The G2B program is closely coordinated with the Fundamentals Coaching and Resources track, to help G2B candidates develop sound business models and teams. In its first year of operation, the BioSTL G2B program has supported early stage companies that have won “fundable” scores on grant applications totaling $11.5 million.
The program provides entrepreneurs with the support necessary to craft competitive business models and grant applications. The program runs three annual cycles using an “Incentive Driven Calendar” – companies win support resources by achieving specific business development milestones by specific dates in each cycle. (All support is free of charge.)
G2B support includes:
- Two-day intensive SBIR/STTR training (From BBC, a full-time grant consultancy)
- Basic strategic and textual consultations for initial (Phase I) applications from BBC
- Business sector expert consultants and team-building for later (Phase II) applications
- “Mock panel” application review and feedback from expert reviewers
- Administrative support
We aim to significantly increase Missouri’s life-science business grant funding so that Missouri’s rank equals our population rank by 2019 and our academic grant rank by 2021.
Click here to get on the blast list for the next G2B TRAINING SEMINAR
SBIR/STTR Training Workshop October 17–18
Do you think you have a great business idea, but need funding?
BioSTL is hosting a free two-day SBIR/STTR training workshop October 17 - 18 to help companies navigate the application process.
- October 17: 8am - 4pm (lunch will be provided)
- October 18: 8am - 4pm (lunch will be provided)
Developing SBIR/STTR proposals is a complex process with a steep learning curve, but the impact of receiving $millions in non-dilutive funding is worth the effort! This 2-day workshop is timed to coincide with the January 5, 2018, National Institutes of Health’s (NIH) deadline and will provide detailed instruction on developing a competitive proposal for the NIH SBIR/STTR program.