“Can I get funding for my business?”
The short answer to this question is usually no, as we have explained in previous posts.
But there are cases where federal grants can be awarded to small businesses. One such case is with the National Institutes of Health (NIH) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
“These programs allow US-owned and operated small businesses to engage in federal research and development that has a strong potential for commercialization,” explains NIH on the programs’ website. “In Fiscal Year 2018, NIH’s SBIR and STTR programs will invest over 1 billion dollars into health and life science companies that are creating innovative technologies that align with NIH’s mission to improve health and save lives.”