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Innovation, Diversity, and the SBIR/STTR Programs Summary of a Workshop (2015) / Chapter Skim
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4 Women and the SBIR Program
Pages 21-24

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From page 21...
... Tanaga Boozer made a number of suggestions including enhancing outreach measures such as targeting woman and minority innovators at research institutions; conducting SBIR workshops at minority entrepreneurship conferences, Minority-Serving Institutions, and Small Business Development Centers; launching a federal Phase Zero program; and developing mentorship programs for Phase II and Phase I grantees. During her presentation, Peggy Wallace highlighted the difficulty that woman-led businesses face in obtaining financing, noting that only 6 percent of companies that secured venture capital in 2010 had female CEOs and that only 7 percent had female founders.
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From page 22...
... Finally, she indicated that the program must improve upon the fourth goal to foster and encourage participation by women and minorities. Enhancing outreach measures such as targeting woman and minority innovators at research institutions; conducting SBIR workshops at minority entrepreneurship conferences, Minority-Serving Institutions, and Small Business Development Centers; launching a federal Phase Zero program, similar to Florida and Vermont state programs; and developing mentorship programs for Phase II and Phase I ­ wardees a may be helpful in increasing minority participation.1 In addition, Ms.
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From page 23...
... "We're going to get the female brain into companies." Golden Seed's portfolio includes woman-led SBIR awardees in life sciences and investments with state economic development agencies and inQTel, the CIA's venture capital fund. Angel and venture capital funders provide $40-60 billion in financing a year, she noted, according to the National Venture Capital Association and the Center for Venture Research at the University of New Hampshire.
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From page 24...
... They recommended that the SBIR program communicate clearer selection criteria, including the requirement for letters of support. They also recommended that the SBIR program focus on funding R&D on diseases that the private market does not address, a recommendation reflecting Golden Seed's life sciences portfolio.
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Key Terms

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  • golden seeds
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  • peggy wallace
  • conducting sbir

  • phase zero
  • venture capitalists
  • federal phase
  • sbir workshops
  • angel funding

  • angel investor
  • portfolio companies
  • tanaga boozer
  • zero program
  • minority innovators

  • empower women
  • business development
  • female founders
  • mentorship programs
  • enhancing outreach

  • minority entrepreneurship
  • female ceos
  • development centers
  • developing mentorship
  • outreach measures

  • sbir phase
  • sbir funding
  • nsf sbir
  • venture research
  • reflecting golden


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