Entrepreneurship
WE PROVIDE SUPPORT
to researchers and entrepreneurs with innovative technologies in the commercialization of these innovations.
WHAT WE DO
WHAT WE DO
The Small Business Innovation Research Program (SBIR)/Small Business Technology Transfer (STTR), (SBIR from here on), at the Puerto Rico Science, Technology and Research Trust (the Trust) is a program designed to support and empower researchers and entrepreneurs in bringing their innovative product concepts to market. By leveraging federal agency investments and the Trust’s Matching Funds, we strive to address critical priorities that will propel the growth of a robust Puerto Rican economy.
HOW WE DO IT
HOW WE DO IT
We are committed to supporting scientific excellence, technological innovation, research and development, and the commercialization of their outcomes. The program provides technical and commercialization expert advice while working with the innovative team in the search for non-dilutive funds to overcome the commercial viability risks associated with new technologies. Participants are also assisted in the submission of competitive proposals to the SBIR program in all agencies.
NETWORK
OF EXPERT
OF EXPERT
As a program of the Trust, we leverage our collaborations and partnerships with accomplished programs like Colmena66, the Research Grants Program and Parallel18, among others. From the identification of potential applicants to amplifying our outreach efforts.
GUIDING PROPOSALS
TO SUCCESS
TO SUCCESS
Our team offers invaluable guidance to proposal applicants, ensuring they navigate the process of writing competitive proposals with confidence. By working closely with us, promising applicants gain insights on avoiding programmatic and subtle mistakes that could result in their proposals being rejected without undergoing a comprehensive technology innovation-based review.
BUILDING
KNOWLEDGE
KNOWLEDGE
Through our education process, we foster the development of a robust mentor network. Seasoned professionals share their insights and knowledge, making the journey smoother for new applicants. Those that are awarded naturally transition into mentors within the network.
FUNDING MECHANISMS
The Trust covers the cost of the Development and submission of competitive proposals to different agencies’ SBIR programs.
They also provide non-dilutive matching funds to SBIR and STTR awardees in Puerto Rico after meeting requirements.
PHASE I
CONCEPT DEVELOPMENT
6-12 months $50,000 to $400,000* Puerto Rico adds $100,00. Total up to $500,000
PHASE II
PROTOTYPE DEVELOPMENT
24 months $600,000 to $2,000,000* Puerto Rico adds $200,00. Total up to $2,200,000
PHASE III
COMMERCIALIZATION
No SBIR Funding
The business sector is where most innovations occur, but investing in innovation can be risky and expensive. For that reason, the federal government designates funds to allow small businesses to be in a better position so they can become more competitive.
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are:
Take advantage of the resources we have for you!
SBIR Road Tour
Colmena66 and other SBIR support organizations have committed to creating a local support system that provides free or low cost services to entrepreneurs and researchers who want to compete for funding. Through multiple alliances, a process was created in which entrepreneurs or researchers are educated and supported from the beginning.
On November 15, 2019, the SBIR Road Tour was held in Puerto Rico. The program directors of the federal agencies held individual meetings with small businesses, there were a wide variety of panels where technology topics were discussed and they shared ideas about how federal agencies make funding decisions.
Check out what happened!
Take a look at the impact!
Success Stories
“We at Cleancult are committed to fixing the entire process of cleaning our homes, not only through the use of eco-friendly ingredients derived from renewable sources, but also including in our plan the reduction our carbon footprint through innovative packaging and agreements for the reforestation of our forests. Thanks to the SBIR grants and matching funds provided by the PRSTRT, we have been able to advance our development agenda for natural ingredients capable of increasing the effectiveness of our products, making them more competitive in the market compared to petroleum-based cleaners. These grants are an extraordinary financing mechanism for emerging companies, it does not put the participation of partners at risk since it does not require dilution or repayment to the sponsoring agency. ”
“At Impactivo LLC we received funding from the National Science Foundation for the first phase of technology development, which uses data extracted from electronic medical records to develop a support and learning system so that clinical teams working in Primary Health Centers can effectively manage the diabetes of their patients. The grant has been of great benefit, not only because of the level of investment to pay for development, but it has also opened the doors to resources of the highest caliber in our field at the national level. It has also forced us to increase the rigor with which we work to demonstrate the results in quality improvement, which are key to the success of our business plans and our company. The initial results of our interventions have been phenomenal, leading us to be a national pioneer in patient-centered care. The SBIR program is an extremely competitive one, but it is worth the effort.”
“BIDEA LLC is a company founded in 2016 by four Scientific Researchers with the determination to develop a non-invasive, fast, precise and simple test that can be used by gynecologists in their private offices or hospitals that allows the early detection of cancer cells, and in this way, increase the chances of survival and of successful treatment. Our mission is to lay the foundations that allow us to become a leading industry in the early diagnosis of cancer. These funds have allowed our company to demonstrate the viability of our technology, in addition to allowing us to begin the development of a first Generation I prototype, defining and documenting its designs. Likewise, it has allowed us, during this process, to obtain other funds and identify important collaborators and possible partnerships.”
“BIDEA’s offering is a cancer diagnostic system that will consist of a device that reads the changes in charge transfer (Rct) generated in our sensor band. The strip is similar in size and handling to a portable glucose sensor. With the NSF-SBIR Phase I, BIDEA has created an innovative screening test, which will also provide a non-invasive method for the rapid, accurate and early detection of cancer. The functionality of this product was demonstrated, as well as the definition and documentation of the input designs of the device, as part of our Design Generation I.”
“The goal of our research, a collaboration between Ponce Health Sciences University and CDI Laboratories in Mayagüez, is to identify new ways to diagnose endometriosis through a blood sample. Endometriosis, a gynecological condition that causes severe pelvic pain and infertility, can only be diagnosed through a surgical process known as laparoscopy. The funds we obtained through an STTR grant from the National Institute of Child Health and Human Development helped us to carry out the validation phase of the preliminary results that indicated that there is a panel of biomarkers in the blood that can distinguish female patients without the condition (controls).”
“We at CDI are convinced that the root of the great problems that personalized medicine faces lies in the set of proteins that make up our body and how groups of these interact, in a way, often aberrant, and at other times favorably with our own immune system. CDI controls the most powerful tool out there to decode these interactions. The SBIR and STTR grants have helped us advance the development of our platform by taking risky steps without suffering dilution of our participation in the company. In addition, winning these grants has helped us to validate our ideas in front of highly critical panels.”
“PRatian LLC received an SBIR grant of $ 200,000 from the United States Department of Agriculture (USDA). The funds were used to expand and commercialize our innovative technology known as “AgroBeads”. These are small biodegradable spheres that supply plants with nutrients and the right amount of water needed for proper and healthy growth. The SBIR funds allowed the expansion of the work team, and the development of technology so it could work on different types of soils.”
Facts and figures since 1987
Take a look at the impact!
The efforts of the Trust have already shown remarkable results. Since the third quarter of 2015, 16 additional awards have been given to researchers and entrepreneurs in Puerto Rico. This is equivalent to 51% of the funds generated during the previous 30 years of Puerto Rico’s participation in the SBIR / STTR programs and 35% of the total awards received on the Island.