Secure Non-Dilutive Funding: How to Use STTR to Fund your Startup
While traditional funding routes often require sacrificing equity, there’s a compelling alternative that allows you to keep full control over your venture. Enter the Small Business Technology Transfer (STTR) program—an often overlooked and misunderstood source of non-dilutive funding specifically designed to fund universities, colleges and research institutions in commercializing research with the help of US small businesses through a partnership.
In this post, we’ll break down the STTR program, what it entails, how it differs from SBIR funding, and the steps you need to take to win a STTR contract.