Small Business Technology Transfer (STTR) programs are highly competitive and encourage domestic small businesses with the potential for commercialization to engage in Federal Research/Research and Development (R/R&D).
Proposals are based on groundbreaking scientific discoveries and significant engineering breakthroughs to promote the progress of science, advance national health, prosperity, and welfare, and secure the national defense.
Athule was awarded its own department of defense (DoD) contract with the Air Force based on the merit of the technology in 2022. This investment into Athule provides vital support needed to proceed through the necessary stages of development and receive funding. Each milestone reached is represented through what is called a “phase.”
Phase I has a budget of $275,766 for a project with a timeline between 6 months to 2 years. Phase II has a budget of $1,838,436 for a project with a timeline between 1 to 3 years. When awarded, Athule entered Phase 1. To look at our award information please visit the SBIR website.
The NIH (National Institutes of Health) describes some of the benefits of an STTR award as follows:
· Funding is stable, predictable, and not a loan
· Capital is non-dilutive
· Small businesses retain intellectual property rights
· NIH’s rigorous peer review provides recognition, validation, and visibility to early-stage companies
· Prestige associated with the award can help attract more funding or support (e.g., venture capital, strategic partner)
The STTR award will enable Athule to utilize the accredited Baylor University laboratories and testing facilities, to validate the efficacy of designs with the utmost confidence of success when applied in both a controlled setting and the volatility of field-related conditions.
We’ll continue to improve systems until they are at least within our proven benchmarks.