Stacy L ChinFounder, KeepYourEquity · I get the government to write you checks

How much SBIR $$ does the DOD have

10 Oct 2024 · 1 min

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In this brief promotional video, the speaker highlights that the Department of Defense (DoD) allocates nearly $2 billion to its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs across the Air Force, Army, and Navy. The DoD SBIR mission is to support early‑stage technology companies developing dual‑use innovations with defense applications. Startups may qualify for a DoD Phase 1 contract or a direct‑to‑Phase 2 contract. The speaker invites interested entrepreneurs to contact Keep Your Equity ICO for assistance with non‑dilutive fundraising and navigating DoD SBIR funding opportunities.

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Did you know that the DOD has the biggest SBIR budget out of all the other federal agencies? Yep, that's right. The DOD has set aside a whopping close to $2 billion for the SBIR program that they allocate across their departments like the Air Force, the Army, and the Navy in order to support their own SBIR and STTR programs. And the DOD SBIR program has a mission to support early-stage technology companies that might be developing new innovations with a dual-use case that has also a defense application. So that means your startup might qualify to secure a DOD Phase Phase 1 contract or direct to Phase 2 contract. So if you're interested to learn whether your technology and startup can qualify for DoD SBIR funding, make sure to reach out to us at Keep Your Equity ICO so we can learn how to best support you in your non-dilutive fundraising journey.