national science foundation industrial innovation funding
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National Science Foundation Industrial Innovation Funding. F. C. Thomas Allnutt Division of Industrial Partnerships & Innovation. Vermont June 2008 - overview. The NSF Mission. To promote the progress of science and engineering To advance the national health, prosperity, and welfare - PowerPoint PPT PresentationTRANSCRIPT
National Science FoundationNational Science Foundation
Industrial Innovation FundingIndustrial Innovation Funding
F. C. Thomas AllnuttF. C. Thomas Allnutt
Division of Industrial Partnerships & InnovationDivision of Industrial Partnerships & Innovation
Vermont June 2008 - overview
The NSF MissionThe NSF MissionTo promote the progress of
science and engineeringTo advance the national
health, prosperity, and welfareTo secure the national defense
NSF is…NSF is…National Science
BoardDirector
IG Office
Staff Offices
Directorate forEngineering
Directorate forGeosciences
Directorate forComputer and
InformationScience andEngineering
Directorate forMathematicaland Physical
Sciences
Directorate forSocial,
Behavioral,and Economic
Sciences
Office of Polar Programs
Integrative Activities(MRI, STC)
Directorate forEducation and
Human Resources
Directorate forBiologicalSciences
IndustrialInnovation andPartnerships
(IIP)
Division of Industrial Innovation Division of Industrial Innovation and Partnerships (IIP)and Partnerships (IIP)
Link basic research to the marketplace
Cross-cutting programs– SBIR– STTR– I/UCRC (Industry University Cooperative
Research Centers)– PFI (Partnerships for Innovation)
SBIR & STTR ProgramsSBIR & STTR Programs
2.5% of NSF budget SBIR2.5% of NSF budget SBIR 0.3 % of NSF budget STTR0.3 % of NSF budget STTR Goal is to move science from the Goal is to move science from the
bench to the marketplacebench to the marketplace
Bridging the “Valley of Death”Bridging the “Valley of Death”
Research and Education-Univ.-R&D Labs
PrototypesSmall Business Tech Development
BusinessDevelopment
Seed Funding
BusinessStartups; Expansions
NSF SBIR
DODDOD DefenseDefense HHSHHS HealthHealth NASANASA SpaceSpace DOEDOE EnergyEnergy NSFNSF ~$110 Million~$110 Million DHSDHS Homeland SecurityHomeland Security USDAUSDA AgricultureAgriculture DOCDOC CommerceCommerce EPAEPA EnvironmentEnvironment DOTDOT TransportationTransportation DoEDDoED EducationEducation
Participating AgenciesParticipating Agencies
TOTAL ~ $2.3BTOTAL ~ $2.3B Est. FY 2008Est. FY 2008
NSF SBIR/STTR Innovation ModelNSF SBIR/STTR Innovation Model
PHASE IIIPHASE IIIProductProduct
Development toDevelopment toCommercialCommercial
MarketMarket
PHASE IPHASE IFeasibilityFeasibilityResearchResearch
$100k/6 mos$100k/6 mos
TaxesTaxesFederal Federal
InvestmentInvestment
PHASE IIPHASE IIResearchResearchtowardstowards
PrototypePrototype$500k/24 mos$500k/24 mos
MATCHMAKER
Phase IIBPhase IIBThird-PartyThird-Party
Investment + Investment + 1:2 NSF 1:2 NSF
MatchingMatching
Private Sector or Private Sector or Non-SBIR Non-SBIR InvestmentInvestment
Unique Unique to NSFto NSF
Phase I BPhase I BThird-PartyThird-Party
Investment + Investment + 1:2 NSF 1:2 NSF
MatchingMatching
NSF is not the Final Customer NSF is not buying a product, process,
software, or intellectual property NSF wants to see the grantee successfully
commercializecommercialize the innovation Company needs investment dollars beyond
NSF SBIR/STTR
Doing Business with NSFDoing Business with NSF
SBIR/STTR ReviewsSBIR/STTR ReviewsTechnical Review
– Technical Merit– Broader Impact
Commercial Review– Team– Market Opportunity– Technology, IP, and Competition– Financial Plan
Remember the Supplements!Remember the Supplements!http://www.nsf.gov/eng/sbir/phase_iib.jsphttp://www.nsf.gov/eng/iip/sbir/supplemental_requests.jsp
IB – Gap Funding– Max $50K (1:2) match for third party funds
IIA – Minority Partnership – Max $150K partnership with a CREST institute to delve
deeper into the technology 30:70 (grantee : institute) IIB – Third-Party Leverage
– Max $500K (1:2) match for third party funds IICC – Leverage of Community College
– Max $40K partnership with a MSCC institute to delve deeper into the technology 25:75 (grantee : institute)
REU/RET – Increased Human Capital
IIB SupplementIIB SupplementSupplemental Research
to Phase IIBridge the gap between
Phase II and Phase IIIThird-Party match
requiredThird-Party can be
Private, State, or Federal
NSF/SBIR Phase IIB SuccessNSF/SBIR Phase IIB Success
2004 2005 2006
Outside Investment $10.6 M $43.5 M $57.8 M
NSF Leverging Funding $5.3 M $14.1 M $18.4 M
# of Companies 22 44 49
Companies with >$1M Investment 4 23 29
% (>1M / Total) 16% 52% 59%
TakeawayTakeaway Many SBIR/STTR programs out there! At NSF ~$110M/year granted primarily for seed-
stage development in… – Software & Systems (SS)– Biotechnology & Chemical Technologies (BC) – Electronics (EL)
Program to mitigate technical risk and bridge the “Valley of Death”
Investment in Country’s Innovation Capacity
Useful Links: www.sbir.gov (SBIR Resource/gov run)(SBIR Resource/gov run)
www.zyn.com/sbir/ (SBIR Gateway)(SBIR Gateway)
www.nsf.gov/eng/iip/sbir/ (NSF SBIR homepage)(NSF SBIR homepage)
Contact infoContact info::Tom AllnuttTom Allnutt
email: email: [email protected]: 703-292-5332phone: 703-292-5332
Questions??
IB SupplementIB SupplementBridge gap between Phase I & Phase IIFoster partnerships with investors and
attract third party funding Maximum award $50,000 based on a
third party investment of $100,000
IIA SupplementIIA Supplement - Minority Partnership - Minority PartnershipConsistent with the SBIR Legislation
– encourage minority participationOpportunity to further enhance the
science and engineering research underlying the SBIR technology
Phase IIA is a supplement to an active Phase II grant
Phase IIA Minority PartnershipPhase IIA Minority Partnership (continued)(continued)
Requires a Phase II grantee to partner with a CREST/RISE grantee:
http://www.nsf.gov/pubs/2005/nsf05/nsf0520.pdf
Budget not to exceed $150, 000– SBIR portion <30%– CREST/RISE portion >70%
Phase IIB ReviewPhase IIB Review Reviewed in-house Submission must be within original 24 month
award period Reviewed by at least two NSF Program
Officers Two Criteria Award recommendations within 90 days from
the two closing dates of September 1, 2006 and March 1, 2007
Minimum $100,000 total Third-Party investment (s)
Phase IIB InformationPhase IIB Information NSF will match 50% of the funds
received Overall total (Phase II & Phase IIB)
cannot exceed $1,000,000 Payment schedule (50% with the
supplemental award, 50% with the submission and approval of 6 month interim report)
Extends Phase II grant by one (or two) year (s)
IIB Third-Party Funds Can IIB Third-Party Funds Can Come From . . .Come From . . .
Another companyVenture capital firm Individual “angel” investorState GovernmentLocal GovernmentNon-SBIR Federal GovernmentAny combination of the above
MatchMaker MatchMaker
Phase III
Goal - Link Early Stage Investors and Strategic Corporate Partners with Qualified Phase II Grantees
MatchMaker “Value-Added”MatchMaker “Value-Added” NSF Program Officers have done “due
diligence” on companies Because of NSF Program selectivity
Corporate Partners will receive targeted matches
Through MatchMaker Corporate Partners will be locked into Future opportunities
MatchMaker – Grantee CriteriaMatchMaker – Grantee Criteria Definitive plan to protect intellectual
property Consent to NSF SBIR to provide reference
for company Phase II proposal ended 5 years ago or
less Good standing within the SBIR program
Mailbox ([email protected]) was created to allow potential investors and PI’s to register
Program Manager matches their PI’s with potential investors and makes the introduction
MatchMaker Coordinator manages the mailbox and maintains the database
MatchMaker ConnectionMatchMaker Connection