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What is the SBIR contract limit?

Typically, Phase I awards are typically less than $150,000. Phase II Prototype Development: Continue RD efforts initiated in Phase I and evaluate commercialization potential. Contracts are no more than 24 months, are funded by the SBIR/STTR program, and typically are less than $1 million.

What are the disadvantages of SBIR?

Drawbacks of SBIR Grants It can be difficult to find the right topic fit. SBIR grant proposals are time-consuming and difficult to prepare. There can be a long timeframe between submission and funding. Only about 3% to 8% of all SBIR proposals submitted are awarded funding.

What is an SBIR contract?

An SBIR/STTR funding agreement is a contract, grant, or cooperative agreement entered into between an SBIR/STTR participating Federal Agency and a small business for the performance of research, experimental, or developmental work funded by the Federal Government.

What is the difference between grants and contracts in SBIR?

With grants, PIs do their best to complete the research and achieve the desired aim. By contrast, contracts are more demanding. A contracting Agency is looking to procure a good or service that will be of direct benefit to the government.

What qualifies as a small business for SBIR?

To be eligible for award of SBIR funding agreements, a small business concern has to meet the following qualifications: be independently owned and operated: principal place of business is located in the United States; at least 51 percent owned or in the case of a publicly owned business, at least 51 percent of its

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