“The key is we’re only as good as the applications we get and each application will be peer reviewed. The whole point is to get you to the point that your technology is attractive to angel investors or larger companies.”
He shared this information with the Dental Trade Alliance in the hopes that member companies looking to innovate and thrive will respond.
The federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are now accepting grant applications.
Both programs help American small businesses engage in research and development, including bringing new products to market. They each work to stimulate technological innovation, strengthen the role of small business, increase private sector commercialization of innovations, and foster and encourage participation by socially and economically disadvantaged small business concerns and women-owned businesses.
The NIH has a step-by-step guide walking business owners and dental manufacturers through the process of determining eligibility, registering your company, preparing and submitting your application, and understanding the review process.
The NIH’s SEED program is dedicated to diversifying the entrepreneurial workforce in biomedical innovation. You can learn more about their goals here.