#SBIR: Contracts vs. #Grants

When beginning the process of applying for SBIR funding, it is important to know which type of funding each agency offers. All agencies are different, and depending on the agency, you may be applying for either a grant or a contract. Do you know the difference? We do.

Small Business #Grants from Big Corporations

Government grants are great, but the requirements are often hyper-specific, or the funding amounts aren’t that large. Big corporations will often provide small business grants to contest winners. For you, it’s money to grow your business. For them, it’s a PR win, netting loyal corporate customers and a lot of good will.

When to apply for federal #funding (#SBIR #grant)

The Small Business Administration (SBA) provides various eligibility requirements to apply for federal funding. To apply for Small Bussiness Innovative Research (SBIR) funding, your business must qualify as a Small Business Concern (SBC) as defined by SBA regulations.