Kirchner Group is working to develop a novel academic – industry initiative to increase funding for research and commercialization of technology. Faculty or staff intellectual property may often be promising as the basis for a start-up company, but significant challenges often impede newco realization and/or its eventual success. Many new companies (newcos) based on faculty IP have the opportunity to apply for federal SBIR/STTR funding, an important source of non-dilutive capital.
- Small Business Innovation Research (SBIR) – A set-aside program for small business to engage in Federal R&D – with potential for commercialization
- Small Business Technology Transfer (STTR) – A set-aside program to facilitate cooperative R&D between small business concerns and U.S. research institutions – with potential for commercialization
More information on this initiative will be available soon. Please direct all inquiries to firstname.lastname@example.org.