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MR. PAUL ARLTON
PresidentLite Machines Company
SBIR / STTR’s What they are
and What they can do for you
Paul ArltonPresident / Senior Engineer
History of Lite MachinesHistory of Lite Machines
Lite Machines 1991Lite Machines 1991 Vertically Integrated CAD/CAM/CNC LMH-100 Over 15,000 sold Over 3,000,000 parts
History of Lite MachinesHistory of Lite Machines Lite Machines 1991Lite Machines 1991
Vertically Integrated CAD/CAM/CNC LMH-100 Over 15,000 sold Over 3,000,000 parts
Lite Machines 1999Lite Machines 1999
History of Lite MachinesHistory of Lite Machines
Lite Machines 1999Lite Machines 1999 Idea for military
Unmanned Aerial Vehicle (UAV)
Applied for Broad Area Announcement (BAA)
Small fish in BIG pond
1 of 15,000 applicants
History of Lite MachinesHistory of Lite Machines
Lite Machines 2004Lite Machines 2004 Refocused on finding
funding for the idea Looked toward
SBIR/STTR for opportunities
Small Business Innovative ResearchSmall Business Innovative Research Small Business Technology TransferSmall Business Technology Transfer
Small tech businesses with < 500 employees Move ideas into the marketplace DOD will fund approx $1.079 billion* in FY 2005
* out of the total $2 billion for all SBIR programs
But what are SBIR/STTR’s?But what are SBIR/STTR’s?
Phase IPhase I 6-9 month contracts $70,000 - $100,000
Phase IIPhase II 2 year contracts $500,000 - $750,000
Phase IIIPhase III Commercializing the idea Must find outside funding Project organizer will often help here
Structure of SBIR/STTR’sStructure of SBIR/STTR’s
Good news / Bad newsGood news / Bad news
ProsPros Money with few strings attached State may provide matching funds Allows small business to compete with big Accelerates development with true R&D dollars Develops University / Government relationships
ConsCons Possible Intellectual Property issues Slow payment Long term commitment Documentation / Paperwork
Where to BeginWhere to Begin
Number of different organizations for SBIRsNumber of different organizations for SBIRs Predominate ones include:
National Science Foundation (NSF) Department of Energy (DOE) Department of Defense (DOD)
Where to BeginWhere to Begin
Search the WWW For DOD:
http://www.dodsbir.net/
What can an SBIR do for you?What can an SBIR do for you?
Start with an idea Identify a need / market Inject capital needed to
move project forward