To educate and promote the effective use of the SBIR
and STTR programs as a significant source of funding for startup
and emerging high tech businesses in Colorado.
Colorado has a number of universities, a few federal
laboratories and many small businesses doing leading edge fundamental
and basic research. This research often times either ends up in
publications as public domain technology or as intellectual property
that, on occasion, becomes part of a commercial product. The migration
of technology to a commercial product is very indirect and somewhat
serendipitous because, as public domain basic research, it is
too far from commercialization to be effectively used by companies
who deal in product commercialization.
SBIR Colorado, with the proper networking, conferences
and seminars, will be the major force in promoting the effective
and efficient utilization of the SBIR and STTR programs to transition
fundamental and basic research from universities, federal laboratories
and small businesses to viable commercial products.
SBIR Colorado will develop a comprehensive program to
design, develop and implement a process to effectively and efficiently
transition the results of early stage research from universities,
federal laboratories and small businesses into commercial products.
There is a major funding void between early stage
basic research and the point where private sector funding is forth
coming to commercialize the resulting technology. The result is
most technology not being effectively introduced into the commercial
Currently there is over $2 billion available
to, in large part, fill this funding void. SBIR Colorado will
utilize a networking approach with major support from legal firms,
accounting firms, venture capital firms, banks, university tech
transfer offices and other services providers together with universities
and federal laboratories to establish the necessary statewide
infrastructure to effectively and efficiently transition early
stage research into commercial products.