SBA’s Strategic Plan · SBA’s Strategic Plan: 2018-2022 Four Goals 1. Support small business...

SBA’s Strategic Plan: 2018-2022

Four Goals

1. Support small business revenue

and job growth;

2. Build healthy entrepreneurial

ecosystems and create business

friendly environments;

3. Restore small businesses and

communities after disasters; and

4. Strengthen the SBA’s ability to

serve small businesses.Linda McMahon, 25th

Administrator of the SBA and

member of President Trump’s

Cabinet

Small Business Investment Company

Program

These Companies Had SBIC Funding…

4

Small Business Investment Company Program: How It Works

5

SBIC Financing in New England

# of

Financings

# of

Businesses Amount of Financings

Connecticut 151 73

$

401,000,000.00

Maine 17 12

$

57,800,000.00

Massachusetts 703 355

$

1,137,600,000.00

New

Hampshire 44 24

$

95,700,000.00

Rhode Island 29 13

$

59,400,000.00

Vermont 21 13

$

72,800,000.00

New England 965 490

$

1,824,300,000.00

National 11839 5658

$

24,467,500,000.00

International Trade

International Trade

Export goods to increase your profits, reduce market

dependence and stabilize seasonal sales.

Nearly 96% of consumers live outside

the U.S. and two-thirds of the world’s

purchasing power is in foreign

countries. SBA can help you grow

your business by expanding into

foreign markets.

Export Financing in New England: 2013 - 2017

# of Loans $ Amount

Connecticut 133 $70 mil

Maine 52 $21 mil

Massachusetts 296 $134 mil

New Hampshire 86 $38 mil

Rhode Island 77 $22 mil

Vermont 45 $11 mil

New England 689 $296 mil

National 8941 $7.3 bil

Government Contracting

Government Contracting

Expand by selling your product and/or services to the

government:✓ The federal government is the largest purchaser of goods &

services in the world

✓ A federal mandate set the goal of having 23 percent of federal

contracts come from small businesses

✓ In FY 2016, Uncle Sam awarded small businesses nearly $100

billion in federal contracts

✓ SBA helps small businesses overcome market barriers and

win federal contracts

✓ Get certified at www.certify.sba.gov

Government Contracting: National Impact

2013 2014 2015 2016 2017

Category Goal $(B) %SB $(B) %SB $(B) %SB $(B) %SB $(B) %SB

Small

Business23% $83.1 23.4% $91.7 24.9% $90.7 25.7% $99.7 24.4% $105.7 23.8%

Small

Disadvantage

d Business

5% $30.6 8.6% $34.7 9.5% $35.4 10.1% $39.1 9.4% $40.2 9.1%

Service

Disabled

Veteran

Owned Small

Business

3% $12.0 3.4% $13.5 3.7% $13.8 3.9% $16.3 4.0% $17.9 4.1%

Women

Owned Small

Business

5% $15.4 4.3% $17.2 4.7% $17.8 5.1% $19.7 4.8% $20.8 4.7%

HUBZone 3% $6.2 1.8% $6.7 1.8% $6.4 1.8% $6.9 1.7% $7.3 1.7%

Government Contracting: Regional Impact

Small Biz HUBZone 8(A) Veterans Service Disabled Vets Women-Owned

Connecticut $552,000,000 $1,700,000 $26,000,000 $56,000,000 $30,000,000 $63,000,000

Maine $125,000,000 $9,000,000 $18,000,000 $41,000,000 $42,000,000 $29,000,000

Massachusetts $2,300,000,000 55,000,000 $61,000,000 $185,000,000 $161,000,000 $292,000,000

New Hampshire $638,000,000 $24,000,000 $18,000,000 $93,000,000 $56,000,000 $38,000,000

Rhode Island $154,000,000 $2,500,000 $58,790 $37,500,000 $27,500,000 $21,400,000

Vermont $85,900,000 $4,200,000 $8,400,000 $17,100,000 $1,100,000 $13,200,000

New England $3,854,900,000 $96,400,000 $131,458,790 $429,600,000 $317,600,000 $456,600,000

SBIR/STTR

www.sbir.gov/news/success-stories

Why We Work on America’s Seed Fund

Who Funded the Tech in Smart Phones?

Tech Agency

DRAM cache DARPA

Click-wheel RRE, CERN

Lithium-ion batteries DoE

Signal Compression Army Resarch Office

Liquid-crystal display NIH, NSF, DoD

Micro hard drive DoE/DARPA

Microprocessor DARPA

Multi-touch screen DoE, CIA/NSF DoD

NAVSTAR-GPS DoD/NAVY

HTTP/HTML CERN

Cellular technology US military

Internet DARPA

→Meet federal research and development needs

→ Increase private-sector commercialization of innovation derived from federal research and development funding

→ Stimulate technological innovation

→ Foster and encourage participation in innovation and entrepreneurship by women and socially/economically disadvantaged individuals

→ Foster technology transfer through cooperative R&D between small businesses and research institutions (STTR)

Goals of SBIR/STTR

Best Things about SBIR/STTR

→ Non-Diluted Capital – The funding agency cannot take an equity position or ownership of your firm

→ IP/Data Rights protection – Government can’t share your reports or data with anyone outside of the federal government for 5 years (DoD) or 4 years (other agencies)

→ Direct follow on Phase III awards – No need for further competition, which benefits both the government and small businesses

SBIR Impact

➢$14.2 billion in total sales of new products and services resulting from the Navy SBIR/STTR Phase II contracts

➢$7 billion in sales of new products to the U.S. military

➢$44.3 billion in total economic output nationwide

➢$22.2 billion in value added, representing new wealth creation in the economy

➢$4.9 billion in new tax revenues (federal, state, and local)

➢$14.4 billion in labor income

➢14,973 full-time jobs created per year with an average salary of $68,535

Navy SBIR 2000-2013 Impact Study

Agencies that Participate in SBIR & STTR

Department of Agriculture

(USDA)

Department of Commerce

(DoC)

NIST, NOAA

Department of Defense

(DoD)

Department of Education

(ED)

Department of Energy

(DOE)

Department of Health and

Human Services

(HHS)

Department of Homeland Security

(DHS)

Department of Transportation

(DOT)

Environmental Protection

Agency

(EPA)

National Aeronautics and

Space Administration

(NASA)

National Science

Foundation

(NSF)

Phase IConcept Development

6 months – 1 year

~ $150,000

Phase IIPrototype

Development

24 months

~ $1,000,000

Phase IIICommercialization

No SBIR funding

EvaluationFind

Solicitation

Proposal

Submission

Award Phase I

Solicitation to Award Process

Three Phase Process

What does an SBIR/STTR firm look like?

• Company must be for profit, U.S. owned and operated, and under 500 people

• Work must be done in the U.S.

• Focus is on performing R&D – Not purchasing equipment, commercializing a technology that has already been developed, or one that has very low risk and only needs capital

SBIR/STTR Awards in New England

State Summary

State Total Awards Total Obligation

CT 3253 $834 Million

MA 22415 $6 Billion

ME 465 $114 Million

NH 2033 $663 Million

RI 526 $164 Million

VT 450 $131 Million

NE 29142 $8 Billion

National 167954 $ 49 Billion

www.sbir.gov

→ Keyword searches –

Learn which

agencies fund your

technology area!

www.sbir.gov/sbirsearch/topic/past

Where to Begin? – Topic Searches

www.sbir.gov/sbirsearch/award/all

Where to Begin? – Award Searches

→ Identify successful firms

→ Identify agency investments in technology areas

www.sbir.gov/tutorial

s

Online Tutorials

→ 55 Courses including:

→ Agency overviews

→ Program basics

→ Data rights

→ IP protection

SBIR/STTR: Successes

L.C. Doan’s solid state dual function hangar lighting systems were recently

fielded onboard the USS Oscar Austin & USS George H.W. Bush. The

company supplies fleet forces with cost effective survivable & energy efficient

lighting systems.

SBIR/STTR: Successes

The RivGen® Power System, one of ORPC’s flagship products, is designed

for generating reliable, renewable electricity in rivers near remote “islanded”

communities with no access to large, centralized power grids.

SBIR/STTR: Successes

While most people associate iRobot with a hugely successful line of robotic

vacuums used for the home, the company has deep roots with the

Department of Defense, originally utilizing the SBIR program to develop

robots for the battlefield.

SBIR/STTR: Successes

Ginkgo Bioworks creates genetically engineered materials that are good for

the planet. Ginkgo’s organisms are powering innovation in flavors &

fragrance, food & nutrition, agriculture, health and even consumer

electronics. The company designs more DNA than anyone on earth, totaling

more than 250 million base pairs last year.

SBIR/STTR: Successes

ANDE moves DNA from the lab to the field and enables law enforcement to

identify individuals at the speed of their investigation. ANDE works with law

enforcement agencies across the US to perform DNA analysis on crime

scene samples with the goal of identifying suspects.

SBIR/STTR: Successes

RME’s wave-powered seawater desalination system, known as Wave2O™ ,

will provide regions and communities in developing countries and islands

with clean fresh water at a competitive cost. Wave2O operates completely

“off-grid” and fills a huge gap in the market for seawater desalination

systems.

SBIR/STTR: Successes

C3I, Inc. has saved the U.S. Navy over $250 million by replacing flight deck

lights with LEDs. C3I’s lighting solutions are energy efficient, not only in

power consumption, but in shelf life. A sailor will likely never need to replace

these lights during the life of a ship resulting in significant reduction of total

ownership costs.

SBIR/STTR: Successes

FarSounder’s flagship Navigation Sonars, partially funded by the DOD SBIR

and other government funded programs, are used today by yachts,

expedition cruise ships, and government and private survey and research

vessels.

SBIR/STTR: Successes

Vermont-based MBF Bioscience sells to customers around the globe and the

company has a mission to create innovative tools for researchers that will

help to develop novel treatments for serious neurological disorders.

The FLC’s mission is to promote, facilitate, and educate T2 among federal labs, academia, industry and other government agencies to achieve commercialization goals, and create social and economic impacts with new innovative technologies.

NATIONWIDE NETWORK OF OVER

300+ FEDERAL LABORATORIES

PROMOTE EDUCATE FACILITATE

Technologies available

for licensing

Funding opportunities

Lab facilities & equipment

available to the public

Lab-specific

special programs

YOUR ONE-STOP SHOP FOR FEDERAL LAB INFORMATION

Collaborative Research Access

• National Experts

• State of the Art Facilities

• Specialized Equipment

• Innovation

Labs can partner with:

• Businesses?

• Academia?

• Nonprofits?

• GOV Entities?

PARTNERING WITH LABS

• Foreign Entities?

• Individuals?

• Other?

✓YES

✓YES

✓YES

✓YES

✓YES

✓YES

✓YES