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It's time to start prepping your Spring SBIR/STTR submissions! 
This month we will feature articles to help you stay on track and put together a strong proposal.

Preparing for your SBIR/STTR submission: Tasks to do NOW

Planning on submitting an SBIR/STTR this spring?  Do you know what you should be doing NOW?  We do!  Check out our check list of things to start sooner than later.

Show me the money!  The Importance of Budget Preparation.


After spending months planning your experiments and detailing your approach, you are now ready for the budget.  WRONG!  A common mistake in preparing an SBIR is to put off budget planning to one of the last tasks. Many reviewers will look first at the budget as your financial abstract assessing if it makes sense with your overall summary and proposed specific aims. Before you get too in the weeds with writing, draft your budget and see if it makes sense with your proposed scientific aims and timeline. The budget can be a key to telling reviewers you understand what it takes to complete your project.
Consider these comments from reviewers as you prepare your budget. 

Want more guidance?  Contact CTC to help you be proactive in budget planning.
 

Grants Available!

Want help writing an SBIR/STTR proposal or commercialization plan?  

Apply for a CTC Micro-grant to receive up to $9K towards hiring a service provider to help you with the process!

Are You Eligible for the federal R&D Tax Credit?

Free Webinar for Tech Startups

We are hearing more and more about the federal R&D tax credit. 
As we approach tax time, are you checking to see if your business is eligible?

 

Register for our March 5th webinar to find out if you are eligible to take advantage of this program!


What is the credit? Both federal and state credit available to any company or person that incurs R&D expenses in the U.S.
Why is it available?  The aim is to promote investments in technology & hiring.
How do I claim a credit?  Credit is normally applied to income taxes but can be used to offset payroll taxes.
Is it really worth it?  Tax professionals we spoke with suggest a company can receive 5-10% of their R&D expenses.  And, if eligible, a company might be able to claim up to 3 previous tax years.
Why haven’t I heard of this?  While the program has been around since the mid 1980’s, rules changed in 2015 that made the tax credit permanent and removed some of the uncertainty.  A big change included the ability for startups without profit to apply the credit to offset payroll taxes.
How do I learn more?  CTC is hosting a webinar featuring Chad Paul from
BDO (Formerly Smith and Gesteland) on the R&D Tax Credit on March 5. 
Feel free to reach out with any initial questions you may have, but please remember that CTC consultants are not tax professionals.  Find a professional that is a good fit for you.
Register Now

In case you missed it...

Read more news you can use here.

Stay in Touch

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New to CTC?  Request a counseling session.

Events

February 13, 2019
Silicon Pastures Angel Session: Term Sheets and Tax Benefits
Godfrey & Kahn

March 5, 2019
R&D Tax Credits for Tech Startups
CTC &
BDO

March 5-6, 2019
AgTech Summit
Midwest I-Corps Node

March 18, 2019
Wisconsin Tech Summit
Wisconsin Tech Council

Solicitation and Review Deadlines

February 6, 2019
DOD SBIR/STTR Deadline
Department of Defense

February 18, 2019
DOE SBIR/STTR Deadline
Department of Energy

March 20, 2019
Dept. of Education SBIR/STTR Deadline

April 5, 2019
NIH SBIR Application Due
National Institute of Health


June 17, 2019
NSF SBIR Applications Due
National Science Foundation

Did you know?

The April 19, 2019 Ideadvance due date will arrive before you know it!
Contact the New Idea Concierge about your eligibility/idea today.
Let us be your assistant! 
CTC is piloting a program aimed at building custom reminders alerting YOU of timelines for funding opportunities (SBIR and other), available programs to push your business forward, post Phase II resources and the dates CTC program solicitations open.
Learn more here.
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