Tapping into Federal Dollars
Most of the time at KCSourceLink, we tell our hotline callers there are no government grants for entrepreneurs.
But that’s not completely true.
A small group of research-oriented entrepreneurs can apply for Small Business Innovation Research and Small Business Technology Transfer grants.
SBIR and STTR are two federal programs that have been created to incent research and development within small businesses. Money is granted to the company to develop technology that is of interest to the federal government. Funding can span preseed and seed level funding due to the phased approach.
Missouri and Kansas in general do not fare well in earning SBIR grants. Missouri ranks 28 and Kansas 39 in terms of the number of SBIR grants ever received. California ranks first with 30,415 awards and Massachusetts second with 20,288. Since 1982 when the program was established, Missouri has been awarded 764 SBIR grants and Kansas 396.
In total dollars, the Kansas City metro region lags behind other regions. From 2010-2014, Kansas City was awarded $10,890,619 in SBIR grants, averaging slightly over $2 million/year; the St. Louis region garnered almost three times that much at $30,692,854. Even the regions outside the two major metros outperformed the KC area.
Interested entrepreneurs can learn more about how to access these grants through two upcoming workshops. The SBIR Road Tour is a national outreach effort to explain more about these funding opportunities. Stops in the region include:
Wichita, KS - Thursday, April 30, 2015
Columbia, MO - Friday, May 1, 2015
Learn more by visiting www.sbirroadtour.com