STTR

Short for the Small Business Technology Transfer program, a federal program that awards research and development funds to small businesses that partner with non-profit research institutions to encourage them to jointly explore their technological potential and innovate new technologies that will be made commercially available to the public. STTR is similar to the SBIR program but includes the partnership with a research institution. The program is meant to help small businesses compete with large enterprises that have more resources for research and development and subsequently stimulate the U.S. economy by encouraging the development and commercialization of new technologies.

In order to be eligible for an STTR award, businesses must:

  • Be American-owned and independently operated
  • Be for-profit
  • Have 500 or less employees
  • Unlike the SBIR program, the principal researcher need not be employed by the company.

In order to be eligible for an STTR award the research institution partnered with the small business must:

  • Be located in the U.S.
  • Be a nonprofit college or university research lab, a domestic nonprofit research organization or a federally funded research and development institution.

The STTR program occurs in three stages. First, federal money is awarded to the company for research into the merit of the technology. Second, additional money is awarded for the development of the technology. The third step is commercializing the new technology, which the company must fund without any federal awards.

The STTR program is coordinated by the Small Business Administration.

Webopedia Staff
Webopedia Staff
Since 1995, more than 100 tech experts and researchers have kept Webopedia’s definitions, articles, and study guides up to date. For more information on current editorial staff, please visit our About page.

Related Articles

Photo Editing Software

Photo editing software is used to manipulate or enhance digital images. This category of software ranges from basic apps, which are able to apply...

SOHO Business Solutions: Free Email Marketing Services

Just like big businesses, SOHO (small office/home office) owners can leverage email marketing systems to communicate with customers, partners and employees. Just like big businesses,...

Fintech

Fintech, also known as "financial technology," is a term used to describe companies that use innovative technology to create more efficient, transparent, and cost-effective...

Cyber Security

Cyber security is the practice of protecting computer systems, networks, and data by using a variety of different strategies and tools. Many large companies...

ScalaHosting

ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...

HRIS

Human resources information system (HRIS) solutions help businesses manage multiple facets of their...

Best Managed Service Providers...

In today's business world, managed services are more critical than ever. They can...