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How to Prepare a Budget for SBIR/STTR Proposals
October 26, 2022 @ 12:00 pm - 1:00 pm EDT
A proper budget can be an effective tool in driving your SBIR/STTR project from start to finish. Be sure not to leave money on the table! This session walks through the development of a project budget including what costs need to be included, how to write a budget justification, can the company afford to pursue this project, what indirect rate should be used and more. This interactive session will include an interview that will answer many of the most frequently asked questions.
Whether you are anticipating a government grant or contract, it is imperative that you are able to manage the funds received. Understanding the fundamentals necessary to manage your government dollars is key to organizing your business for success and proving your credibility for future funding.
- $15 Michigan-based companies
Shannon is a Senior BBCetc Principal Consultant. She joined BBCetc in 2018 bringing with her 28 years of management experience in the biotechnology industry and as an independent SBIR/STTR consultant. Shannon’s career began with an animal health start-up out of the University of Kentucky, which was later purchased by Neogen Corporation. She continued with Neogen for 17 years in the areas of quality control/ assurance, regulatory, pharmaceutical manufacturing and technical services. Later she became CEO of a biotech start-up which brought to market a veterinary research device and president of another medical device firm developing a product for treatment of late-stage lung cancer. A PI on multiple research grants, Shannon has assisted numerous start-ups in developing competitive NIH grant submissions, post-award management, commercialization, project management and building an effective team. She holds B.S degree in Agriculture from Murray State University in Kentucky.
Do you know about Michigan’s SBIR/STTR Assistance Program? The Michigan SBIR/STTR Assistance Program provides SBIR/STTR training and proposal development services to technology companies with most costs covered by a state grant. The program is managed by BBCetc.