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Tuesday, 03/02/2021 9:11:47 AM

Tuesday, March 02, 2021 9:11:47 AM

Post# of 10463
AFWERX CONTRACT INSIGHT:

https://www.afwerx.af.mil/sttr.html

If Phase 1 goes well, could see huge money down the road

The Small Business Technology Transfer (STTR) program ‘Open Topic’ aims to help small businesses commercialize emerging research in partnership with a university, non-profit entrepreneurship center, or research center. Different from the traditional STTR program, the Open Topic is ‘open’ to any technology, customer, or application.

The following opportunities are available through AFVentures and the STTR Open Topic:
- Many Small Bets (Phase I) "a simple, open door for innovation" - Up to $50,000 per award | 1000-1500 awards per year | Three solicitations per year
- Some Medium Bets (Phase II) - Up to $1.5M per award matched funding encouraged | 300-500 awards per year | Live & Virtual Matching
- A Few Big Bets (Strategic Financing) - Up to $15M (SBIR) Awards | 20+ Awards per year | 1:1:2 Program-SBIR-Private Matching | Annual Solicitation

Deal on the merits of the company, not on the hopes or fears of the inexperienced.