SBIR/STTR Knowledge Check
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
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
True or False: Success rates for obtaining SBIR/STTR awards are higher in Phase I than Phase II
True
False
Which of the following is true about the Application Assistance Program (AAP)?
Phase I preparation support and review
Grant writing
Specific Aims page review and advice
Development of research plan
Register small business for you
Submission process coaching
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
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