The National Science Foundation (NSF) Small Business Innovation Research (SBIR) program offers entrepreneurs an opportunity to acquire seed grants, a Phase I award and a Phase II award, for the development of innovative, marketable, problem-solving healthcare or medical solutions. Phase I funding is used for six months to demonstrate the feasibility of a proposed technology concept. Phase II funding is used for two years to produce a product prototype.
The Pennsylvania Innovation Partnership (IPart) offers financial assistance to Pennsylvania-based entrepreneurs pursuing SBIR grants. Specifically, IPart provides a MicroVoucher which is used to hire an SBIR proposal preparation consultant from the IPart's Preferred Provider list. As a qualified IPart Preferred Provider, Eighteen Ventures is on the list. MicroVouchers pay half of the proposal development consultant costs, up to a maximum of $3,000. The entrepreneurs pay the remaining costs.
An initiative designed to help you organize, prepare and submit a winning funding proposal for your health technology or medical device concept.
Eighteen Ventures will work closely with applicants to ensure that the proper approach, information and resources are utilized in order to prepare an effective, responsive proposal that meets both Pennsylvania Innovation Partnership (IPart) and NSF SBIR program requirements. Our efforts are also focused on helping applicants submit their completed proposals.
Eighteen Ventures will:
- Provide a free Pre-SBIR Proposal development audit, which is designed to help determine the strengths and weakness of applicants' business strategy, proposed technology concept's potential commercial viability, and overall proposal development process.
- Help applicants assemble the necessary information and resources to meet both the IPart and the NSF SBIR Phase I proposal development requirements for funding consideration.
- Guide applicants in preparing and submitting an effective, responsive NSF SBIR Phase I proposal
Key Program Feature
Eighteen Ventures will use its SBIR Physician Consulting Referral Network to identify and refer practicing physicians as project consultants. The physicians can provide invaluable advice and assistance to the applicants' NSF SBIR Phase I and II projects.
Under NSF SBIR program rules, the physician consultants can be paid from the Phase I and II project budgets.
Pennsylvania-based aspiring entrepreneurs, start-ups and small emerging firms interested in gaining seed grant funding to develop a novel, marketable problem-solving health technology or medical device.
Contact Mr. Darrell Williams by emailing Darrell@Eighteenventures.com or calling (305) 332-2443 for additional information on these services or how you can take advantage of the IPart MicroVoucher financial assistance.