Write a Successful SBIR/STTR Grant with help from Phase 0

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Write a Successful SBIR/STTR Grant with help from Phase 0

Do you have small business? Maybe an early stage technology startup that needs help getting off the ground? If so, then good news has come to you. This week the EDPA’s Alabama Launchpad announced a Phase 0 Awards program. The program is meant to help increase the chances of SBIR/STTR applicants writing a successful proposal. To apply, applicants must be an Alabama company and meet all federal requirements of the SBIR/STTR program. Applicants can receive assistance in the following areas:

  1. Financial assistance to fund preliminary data
  2. Commercialization assessment
  3. Technical writing assistance
  4. Compliance accounting standards for SBIR/STTR

 

The Small Business Innovation Research (SBIR) and the Small Business Technology Transfer Research (STTR) programs are federally funded programs designed to encourage US-based small businesses to engage in the research and development of cutting edge technology. Funding for both of these programs are doled out in competitive fashion through two phases of research and development.

Phase I funding essentially focuses on how competitive a technology will be in marketplace by assessing its technical merit, feasibility, and commercial potential. Phase I funding has a maximum budget of $150,000 and a 6 month time frame to carry out the research. Typically the acceptance rate of Phase I funding is low at 15% of proposals receiving funding.

If businesses are successful in attaining Phase I funding, they may then apply for additional funding in a Phase II. Funds from Phase II help with scale up and have both a higher budget and timeframe at $1,000,000 and two years, but have a lower acceptance rate 10%. The benefit of these programs is that funds are non-diluting, which means they do not need to be paid back.

For more information on the Phase 0 program and how to apply, please visit the Alabama Launchpad website.

 

Phase 0 Awards

Do you have small business? Maybe an early stage technology startup that needs help getting off the ground? If so, then good news has come to you. This week the EDPA’s Alabama Launchpad announced a Phase 0 Awards program. The program is meant to help increase the chances of SBIR/STTR applicants writing a successful proposal. To apply, applicants must be an Alabama company and meet all federal requirements of the SBIR/STTR program. Applicants can receive assistance in the following areas:

  1. Financial assistance to fund preliminary data
  2. Commercialization assessment
  3. Technical writing assistance
  4. Compliance accounting standards for SBIR/STTR

 

The Small Business Innovation Research (SBIR) and the Small Business Technology Transfer Research (STTR) programs are federally funded programs designed to encourage US-based small businesses to engage in the research and development of cutting edge technology. Funding for both of these programs are doled out in competitive fashion through two phases of research and development.

Phase I funding essentially focuses on how competitive a technology will be in marketplace by assessing its technical merit, feasibility, and commercial potential. Phase I funding has a maximum budget of $150,000 and a 6 month time frame to carry out the research. Typically the acceptance rate of Phase I funding is low at 15% of proposals receiving funding.

If businesses are successful in attaining Phase I funding, they may then apply for additional funding in a Phase II. Funds from Phase II help with scale up and have both a higher budget and timeframe at $1,000,000 and two years, but have a lower acceptance rate 10%. The benefit of these programs is that funds are non-diluting, which means they do not need to be paid back.

For more information on the Phase 0 program and how to apply, please visit the Alabama Launchpad website.

 

Phase 0 Awards

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