To Share or Not To Share: Breaking Down Intellectual Property in SBIR & STTR Grant Proposals

🚀 Wondering whether to disclose your IP in an SBIR application? 🤔 Founders often wrestle with the decision of how much IP to reveal in their SBIR applications. I'll provide two essential considerations to help you navigate this challenge. First, remember that the more information you provide to SBIR reviewers, the better they can understand your technology's potential impact and competitiveness in the market. While SBIR applicants generally aren't obligated to disclose their IP, it's crucial to offer in-depth details in your application to allow reviewers to assess your research or development plans, problem-solving approach, and expected outcomes. Insufficient detail can hinder their evaluation and reduce your chances of securing funding. Striking a balance between safeguarding sensitive IP and providing essential information is key. Secondly, SBIR reviewers adhere to strict confidentiality requirements, signing non-disclosure agreements and upholding ethical standards to protect applicants' IP and business information. This ensures your ideas are kept confidential throughout the review process. These measures maintain the program's integrity, so you can confidently submit your innovative proposals. I hope these considerations shed light on the delicate balance between disclosing IP and securing SBIR funding. If you found this information valuable, please like, comment, and subscribe for more insights on how to navigate the world of non-dilutive fundraising. For additional resources and templates, visit our website at KeepYourEquity.co.
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About Stacy Chin, Ph.D.
Stacy combines her entrepreneurial spirit and passion for research to help start-ups commercialize their innovations. With 10+ years of grant writing experience, she has secured over $11 M in SBIR/STTR grant funding for clients spanning from a wide variety of sectors. She's consulted start-ups spun out by Founders, professors, medical doctors, start-up executives and collaborators from MIT, Mass General Hospital, Columbia Univ., Univ. of Colorado, UCLA, Brown Univ., Boston Univ., New York Univ., Univ. of Texas, UCSD, and more. Stacy is a TechStars SBIR/STTR mentor, a highly competitive and nationally reputable tech start-up accelerator. She previously served as an NIH and NSF SBIR reviewer and study section co-chair. Stacy received her PhD in chemistry, holds multiple patents and authored multiple academic research articles. She also brings 8+ years of experience as a start-up founder and was been recognized for her entrepreneurial achievements through a number of awards.
Read about her entrepreneurial journey in Train Like a Scientist, Think Like an Entrepreneur: tinyurl.com/frunjcfe
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