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A new conflict of interest program at the University of Minnesota addresses concerns that arise when Small Business Innovation Research (SBIR) and/or Small Business Technology Transfer (STTR) grants could be used to fund a startup company based on a university technology.
The new program helps facilitate the creation of startups by enabling U of M faculty members to have a more active role than they had previously. It also gives the startup the ability to contract for use of university facilities while undertaking phases of an SBIR/STTR grant.
Contact the Associate Director of the OTC Venture Center, with questions about the program.
The Small Business Innovation Research (SBIR) Program is a highly competitive program that encourages small businesses to engage in Federal R/R&D that has the potential for commercialization. The Small Business Technology Transfer (STTR) Program is to stimulate a partnership of ideas and technologies between innovative small businesses and research institutions through Federal R/R&D. Each year, more than $2 billion is available for small businesses in a wide variety of technology areas.
The Department of Defense is the largest funder of SBIR/STTR contracts, and the Department of Health and Human Services, National Institutes of Health, is the largest funder of SBIR/STTR grants.