VelocityTX is partnering with SBIR Advisors to provide assistance with Phase I SBIR and STTR applications. Our next cohort for companies applying for funding in February 2024 will begin in January 2024.
If the company wins the Phase I (~$75k):
• The company will enter a 6-month retainer contract with SBIR Advisors to do business development (a total of no greater than $27,750). Historically, the business development results in ~$6M in proposals submitted for Phase II, with a 20% win rate.
• The company gives VelocityTX the 30% (~$22k) as the nonprofit partner in exchange for the use of the VelocityTX logo, access to the VelocityTX network + events, and a coworking membership for a year.
If the company wins the Phase II:
• The company gives SBIR Advisors 5% of the total award amount
• For STTRS, VelocityTX will be listed as the nonprofit partner for dual use, life sciences companies. In exchange for 30% of the total award amount, as the nonprofit partner VelocityTX will provide use of the VelocityTX logo, access to the VelocityTX network + events + programming, project management, and a private office/lab space at the innovation center (if applicable).
Benefits of working with VelocityTX and SBIR Advisors:
• Publicity of winning SBIR + $75K in revenue (~$25,250 net of SBIRA/VelocityTX fees)
• Obtain sole source authority to contract with the government + SBIR/STTR data rights (IP protections from the Government)
• Shot at winning $1,250,000+ in Phase II within a year, plus any additional wins we propose for during the 6 month of services
If you are interested in applying for funding in 2024, please fill out the interest form below and we will reach out with next steps.
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