Corporate Venturing Insider #2: Jenn Gustetic @ NASA, interview by Nicolas Sauvage

TL;DR

NASA supports small businesses and entrepreneurs with innovative technology solutions through SBIR and STTR programs.

Transcript

really quickly before we get started wanted to set the stage so you'll have some context first of all good morning my name is peter and i'm a senior associate here at 500 my job is largely to work with a number of corporate investors and innovators on projects related to startup investment and set up partnerships and so this event is being hosted a... Read More

Key Insights

• ❓ NASA's SBIR and STTR programs fund innovative technologies in aerospace and aeronautics.
• 👨‍💼 Eligible U.S. small businesses under 500 employees can participate in NASA's SBIR program.
• ❓ Success indicators include technology transition to commercial markets and impactful spin-off technologies.
• 👨‍🔬 University partnerships in NASA's STTR program help leverage early research for commercialization.
• 👣 Success is tracked through technology transitions, external investment matching, and spin-off technologies.
• 🗯️ Negotiating intellectual property rights with universities in STTR programs can be a challenging yet rewarding process.
• 🎟️ Strategic alignment with NASA's mission and market commercialization goals is essential for startups in the SBIR and STTR programs.

Questions & Answers

Q: How does NASA support small businesses with innovative technology solutions?

NASA funds small businesses through SBIR and STTR programs, providing grants for technologies up to TRL 3.

Q: What is the eligibility criteria for U.S. companies to participate in NASA's SBIR program?

U.S. companies, preferably majority U.S.-owned, under 500 employees are eligible for NASA's SBIR program.

Q: How does NASA track the success of its investments in startups?

NASA tracks success through technology transition, external investment matching, and impactful spin-off technologies.

Q: What are the key benefits of partnering with universities in NASA's STTR program for small businesses?

University partnerships in STTR programs help leverage early research innovations for commercialization and market impact.

Summary & Key Takeaways

• NASA's SBIR and STTR programs fund small businesses under 500 employees.

• This investment fosters disruptive technology advancements in aerospace and aeronautics.

• Success indicators include technology transition to commercial markets and impactful spin-off technologies.