For latest version: please go to https://academicentrepreneurship.pubpub.org/pub/sbir-sttr-grants-application-guidance/release/2 Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) grants provide a valuable opportunity to receive non-diluting capital. The process of applying for an SBIR/STTR grant has several steps and can take months to complete. SBIR/STTR proposals take the form of typical grant proposals, except the former are shorter and have a lower requirement for preliminary data. An academic entrepreneur should not expect to receive SBIR/STTR funding on their first attempt at a proposal. There are several common pitfalls during the application process, and careful consideration of these issues can substantially improve an application.