America’s Seed Fund powered by the Small Business Administration

Donor: Small Business Administration

About: America’s Seed Fund, powered by the Small Business Administration, is a government-backed initiative that provides critical support and funding to early-stage startups and small businesses in the United States. Through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, America’s Seed Fund offers non-dilutive funding to help entrepreneurs develop their technology and navigate the path to commercialization. The fund is designed to foster innovation, stimulate technological advancements, and meet federal research and development needs. Small businesses and startups across various technology areas and markets can benefit from this funding, which helps transition innovative ideas from the research and development phase to practical applications. The program is structured in three phases: Phase I focuses on the proof of concept with funding ranging from $50,000 to $275,000 over 6-12 months, Phase II involves technology development with funding between $750,000 and $1.8 million over 24 months, and Phase III centers on commercialization, helping businesses bring their products to market or sell in the federal contracting marketplace. America’s Seed Fund is committed to promoting diversity and inclusion, encouraging participation from women, people of color, individuals with disabilities, and entrepreneurs located in all 50 states and U.S. territories. The program also provides local assistance and resources to help entrepreneurs navigate the application process and connect with federal agency representatives.

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Focus: Technology, Innovation, Research and Development, Commercialization, Diversity, Entrepreneurship

Region: United States

Eligibility:
-Small businesses with fewer than 500 employees.
-Companies must be majority-owned (more than 50%) by U.S. citizens or permanent residents.
-The primary research and development must be conducted within the United States and its territories.
-The small business must not be majority-owned by multiple venture capital firms, hedge funds, or private equity firms unless the firm is a small business concern that is more than 50% directly owned and controlled by individuals who are citizens or permanent resident aliens of the United States.
-The company’s technology should support government missions.
-Eligible for equity-free funding to develop innovative ideas.

Benefits:
-Non-dilutive funding ranging from $50,000 to $275,000 for Phase I.
-Funding between $750,000 and $1.8 million for Phase II.
-Opportunities for commercialization and selling in the federal contracting marketplace.
-Access to local assistance, including proposal support, SAM registration, commercialization support, and industry networking.

Terms:

-SBIR: Small Business Innovation Research
-STTR: Small Business Technology Transfer
-SBA: Small Business Administration
-R&D: Research and Development
-SAM: System for Award Management
-Phase 0: Pre-proposal and preparation phases where some states provide assistance programs for new applicants pursuing Phase I federal SBIR/STTR awards.