Federal Funding Sources for Entrepreneurs

  1.  Federal:
    1. Small Business Innovation Research (SBIR) Business Funding, http://www.sbir.gov/about/about-sbir

i.      Provides up to $1,050,000 in funding to small business firms and partners for the research and development (R&D) of commercially viable education technology products.

  1. The program accepts proposals through many different tracks:
    1. Agriculture, http://www.nifa.usda.gov/fo/sbir.cfm
    2. Defense, http://www.acq.osd.mil/osbp/sbir/
    3. Education, http://www2.ed.gov/programs/sbir/index.html
    4. Energy, http://science.energy.gov/sbir/
    5. Health & Human Services, http://grants.nih.gov/grants/funding/sbir.htm
    6. Homeland Security, https://sbir2.st.dhs.gov/portal/SBIR/
    7. Science & Technology, http://www.nist.gov/tpo/sbir/
    8. Transportation, http://www.volpe.dot.gov/sbir/index.html
  2. SBA Small Business Loans, http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans

i.      The U.S. Small Business Administration (SBA) provides a number of financial assistance programs designed to meet the needs of small businesses. SBA does not make direct loans to small businesses. Rather, SBA sets the guidelines for loans, and the loans are then made by its partners (lenders, community development organizations and micro lending institutions). The SBA guarantees that these loans will be repaid, thus eliminating some of the risk to the lending partners.