SBIR/STTR Knowledge Check

An engaging infographic illustrating the SBIR and STTR programs, featuring grant opportunities, funding details, and small business innovation concepts, with a bright and inviting color scheme.

SBIR/STTR Knowledge Check

Test your understanding of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs with our comprehensive quiz! This quiz is designed for those interested in federal funding opportunities and provides a great opportunity to enhance your knowledge on eligibility, application processes, and program requirements.

10 engaging questions
Learn about funding caps and requirements
Explore the benefits of investor initiatives and assistance programs

10 Questions2 MinutesCreated by InnovatingIdeas42

Which statement(s) describe the eligibility criteria for SBIR/STTR grants?

500 or fewer employees

Non-profit business

Based in the US

>50% U.S.- owned by individuals and independently operated

˃50% owned and controlled by another (one) business concern that is ˃ 50% owned and controlled by one or more individuals

˃50% owned by multiple venture capital operating companies, hedge funds, private equity firms, or any combination of these (SBIR only)

Which of the following represent SBIR requirements?

Permits research institution partners but does not require it

Minimum 40% of the work should be conducted by the small business concern (for profit), and minimum of 30% by a U.S. Research institution (non-profit)

The PD/PI’s primary employment (i.e., >50%) MUST be with the SBC for the duration of the project period

Small business concern may outsource ~33% of Phase I activities and 50% of Phase II activities

Which of the following statements are true?

Phase I awards are for proof of concept studies

Phase II awards are for R&D activities with commercialization plan required

Phase IIB bridge awards are for technology validation and clinical translation

Phase II awards expect that applicants will secure substantial third party funds

Phase III awards use NIH funds for commercialization stage

Fast-track applications allow you to apply for both Phase II and Phase III awards simultaneously

What is the NCI funding cap and grant period for each Phase?

Phase I - $400K, 6-12 months; Phase II - $1M, 2 years; Phase IIB - $4M, 2-3 years

Phase I - $400K, 12-18 months; Phase II - $1M, 2 years; Phase IIB - $2M, 2-3 years

Phase I - $400K, 6-12 months; Phase II - $2M, 2 years; Phase IIB - $4M, 2-3 years

Phase I - $400K, 12-18 months; Phase II - $2M, 2 years; Phase IIB - $4M, 3-4 years

Which of the following is true about the Application Assistance Program (AAP)?

Which of the following is an advantage of being part of the investor initiatives program?

All applicants receive constructive feedback from investor reviewers

All applicants receive coaching, give pitches at investor forums and conferences

All applicants are profiled in an investor-oriented booklet

All applicants meet one on one with investor attendees

The ICORPS program is aimed at - [Select all that apply]

Providing teams with skills and strategies to reduce commercialization risk

Reaching out to customers

Conducting over 100 interviews

Providing experiential learning over 6 months

True or False: PREVENT cancer preclinical drug development program focuses on unmet needs in prevention that are not adequately addressed by the private sector by providing NCI contract resources

True

False

Select the correct combinations of program type and phase until which NCI resources are provided

PREVENT: until IND-filing and proof-of-principle clinical testing

BrIDGs: at or before IND

TRND (Rare disease): max Phase I

NExT: until IND-filing

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SBIR/STTR Knowledge Check

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