Slides from Public Resources for Business Development event for Minnesota Cup and CleanTech Open entrepreneurs
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On Monday, August 16, 2010, the MN Department of Employment & Economic Development (DEED), University of Minnesota's Carlson School of Management and Holmes Center for Entrepreneurship, Minnesota Cup and CleanTech Open hosted an event for Minnesota Cup and CleanTech Open entrepreneurs on public resources for business development and sources of funding.
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Slides from Public Resources for Business Development event for Minnesota Cup and CleanTech Open entrepreneurs
- 1. Agricultural Utilization Research Institute Leading Agricultural Innovation From Idea to Reality Kate Paris August 2010
- 19. Intermediary Relending Program (IRP) Program Purpose: To finance business facilities and community development projects in rural areas; for innovative projects; for land, building construction or repair, equipment; for working capital, interest, feasibility studies, professional services.
- 29. SBIR/STTR Basics Becky Aistrup SBIR/STTR Program Director Minnesota Science & Technology Authority www.PositivelyMinnesota.com/SciTech [email_address] (651) 259-7634 North Central Cleantech Open Public Resources Seminar, August 16, 2010
- 33. Comparing SBIR & STTR Programs Applies at the time of award and for the duration of the project SBIR STTR Firm eligibility U.S., for-profit, <500 employees including affiliates Collaboration w/ research institution May subcontract Must collaborate with university/nonprofit research institution PI (Principal Investigator) Must be >50% time employed by firm May be employed by firm or research institution Work breakdown Firm 2/3 or more of work in Phase I Firm 1/2 or more of work in Phase II Firm must perform 40% or more of work and research institution >30% of work (Phase I and Phase II)
- 34. Participating Agencies $2.5 Billion in FY09 * Grants Contracts Both Grants & Contracts Agency * SBIR funding STTR funding DoD $1.23 Billion $141 Million HHS (NIH, CDC, FDA) $600 Million $72 Million Energy (DOE) $138 Million $17 Million NASA $113.4 Million $13.6 Million NSF $97 Million $13 Million Homeland Security (DHS) $20.5 Million NA Agriculture (USDA) $18.3 Million NA Education $9.9 Million NA Transportation $8 Million NA Commerce $8 Million NA EPA $5 Million NA
- 44. Assistance with grants.gov http://www.grants.gov/applicants/resources.jsp
- 45. Find a Topic http://www.grants.gov/applicants/find_grant_opportunities.jsp Register for Opportunity Notifications Multiple browsing & searching options
- 46. Getting Started: Find a Topic http://www.pnl.gov/edo/opportunities/sbir.stm Cross-agency alerting service
- 47. Getting Started: Find a Topic http://www.zyn.com/sbir/
- 48. Find Your Local Resources http://www.sbir.gov/
- 52. Thanks to colleague Kris Johansen for slide content: Kris Johansen Office of Intellectual Property and Technology Transfer Iowa State University Research Foundation, Inc. [email_address] 515.294.3208 Contact information: Becky Aistrup MN SBIR/STTR Program Director 651.259.7634 [email_address]
- 53. Small Business Administration www.sba.gov
- 54. To help small businesses succeed Our Mission
- 55. Loan Programs SBA Makes Guaranteed Loans Maximum rates : 2 ¼ % to 2 ¾ % above prime Maximum Loan : $2,000,000 Guarantees : 75% to 85% Fees : 2% to 3.5%
- 61. Minority based groups One or more individuals that can demonstrate that they are socially or economically disadvantaged. 8(a) Program 7(j) Program Mentor Protégé Government Contracting
- 65. Thank you! Any Questions…
- 66. There’s been no better time for an SBA Loan Jeff Kemink District President – Business Banking Minneapolis, MN 2010 © 2009 Wells Fargo Bank, N.A. All rights reserved. For public use.
Editor's Notes
- For those of you new to the committee or not familiar with the AURI AURI is beginning its 20 th year of operation, created at a time of economic downturn by the State Legislature We are seeing greater need than ever – Assistance is needed during times of high and low commodity prices… With low prices, focus is on helping producers add value With higher prices, focus is on helping processors reduce costs and identify additional revenue streams AURI is focused on Stabilizing the rural economy by fostering agricultural innovation - these innovations not only add value to Minnesota Agriculture products, but create jobs and keep infrastructure operating We provide seamless service, working with clients from feasibility IDEAS +IMPLEMENTATION = INNOVATION We are accessible to Minnesota with pilot plant and laboratory facilities located throughout the state. Including: Meat Lab, Marshall Fats & Oils Lab, Marshall Product Development Kitchen, Crookston Microbiology Lab, Crookston Coproducts Lab, Waseca In addition, we have an invaluable network to trusted expertise – if we can’t provide something in our labs, we know where to go to get the knowledge from our partners. - WE are a conduit to the best trusted and unbiased solutions Minnesota offers.
- Northern Excellence Growers, Williams Alternative Energy Solutions, Altura CVEC Cob Gasification, Benson CMEC Cellulosic Ethanol, Little Falls
- How does AURI fulfill its responsibilities? Direct Client Services These are the very applied, “here and now” services that bring ideas to implementation AURI teams work with clients to: Provide R&D for MN agriculture and rural processors - Often, these organizations lack capacity to maintain their own R&D efforts, yet, R&D is critical to long-term success Technical feasibility – Just because you think you can do something doesn’t mean you can Analytical testing of processes/products Market feasibility – Just because you can do something doesn’t mean you should Experienced, professional staff Access to laboratory and pilot plant facilities In Greater Minnesota locations where access is most needed Broad Impact Initiatives AURI initiatives, most often partnerships with commodity groups and farm organizations, are forward looking efforts that identify coming trends and help to plan for the future. Identify emerging opportunities with potential to impact large number of producers Findings are public information, generating interest and impact throughout the state Driven by industry stakeholders such as commodity groups and farm organizations Examples include Solubles as fertilizer Biomass ash densification Value-added uses for glycerin DDGS in livestock feed Targeted Network Development As no one organization can have all the expertise necessary in today’s economy, collaborations and networks are vital to bringing solutions to Minnesota Agriculture. AURI teams, often in conjunction with partnership networks: provide hands-on assistance, but also have a targeted network of resources to assist in areas that AURI does not have expertise Urban / Rural Connect – we identify expertise where-ever it is located, then bring it to the client where it is most needed – Renewable Energy Roundtable – established to help make connections, build consensus in the renewable energy industry
- Minwind Annual Meeting Luverne, MN 2/11/05 Thank you for inviting me to your Minwind annual meeting. It’s a pleasure to be here in a sort of culmination of the years of effort to complete these wind turbine projects – nine projects in all, if my counting is correct. Title IX, Section 9006 of the Farm Security and Rural Investment Act of 2002 (the “2002 Farm Bill”) authorized $23 million per year in grants, loans and loan guarantees for each of 5 years to assist farmers, ranchers and other rural small businesses to purchase renewable energy systems and make energy efficiency improvements. Rural Development’s mission has been designed to deliver programs in a way that will support 1) increasing economic opportunity and 2) improving the quality of life of rural residents.
- Any renewable energy or energy efficiency projects, as defined in the Farm Bill, is eligible. We’ll cover these definitions on the next slide. There are a few other requirements in this years program: The project must be located in a rural area. The project must be for a pre-commercial or commercially available and replicable technology. The project must be technically feasible. All projects must be based on satisfactory sources of revenues in an amount sufficient to provide for the operation and maintenance of the system or project . Grant requests must not exceed 25% of the eligible project costs Note that the minimum grant has changed this year. Last year, the minimum was $10,000, so a minimum project size was $40,000. This year, a project total can be as low as $10,000 with a $2,500 grant request. For Renewable Energy: Applications for renewable energy systems must be for a minimum grant request of $2,500, but no more than $500,000. If grant request is over $50,000 (so the project would have to exceed $200,000), the applicant must have a project-specific feasibility study prepared by a qualifies independent consultant For Energy Efficiency: Applications for energy efficiency improvements must be for a minimum grant request of $2,500, but no more than $250,000. For total Project costs over $50,000 (so this is a lower threshold than the RE feasibility study), then the applicant must have a full energy audit conducted by a qualified entity. The applicant must be the owner of the system and control the operation and maintenance of the proposed project. This is for the life of the project. A qualified third-party operator may be used to manage the operation and/or maintenance of the proposed project.
- Funds R&D, not bricks and mortar, not working capital, not operations
- Grants are broader topics with higher risk Contracts address a specific need of the funding agency—you must grasp and respond to that need. Contracts may lead to sole source Phase III
- Feasibility needs to be woven throughout the proposal, it is the main purpose of the proposal
- This is not a short-term funding opportunity and should not be considered as a sole source of capital or funding
- Caution: don’t plan to submit similar proposal to other agencies Does not provide sole support for a firm View the agency as a potential customer, not just a funding source Do not write a Phase I proposal unless you have a clear vision of agency expectations and where you want to be in Phase III
- This process usually takes 3-5 days to complete, but if there are pieces of information missing or problems are encountered, it can take as much as 4 weeks. Allow plenty of time
- You don’t have to be registered in grants.gov to search for grant opportunities, but since the registration process can take anywhere from 3 days to 4 weeks, I recommend you go ahead and get registered very early in the process.
- DOE offers a bi-weekly cross agency alerting service through Pacific Northwest National Labs at no charge to users. This service does not customize based on your interests, but it does consolidate funding solicitations and other information from 11 agency websites into an electronic alert that is delivered to your email.
- Zyn also has a wonderful electronic newsletter, “SBIR Insider”, that I highly recommend you register to receive if you decide to pursue the SBIR or STTR Programs. The site also includes solicitation dates and links to SBIR agencies.
- Most states provide resources that may include helping you decide if SBIR is right for you, locating solicitations, preparing proposals and commercialization plans, identifying collaborators, etc. Contact your state resources to see how they can help you.