- Phase 1 submission guidelines
- How to write a successful SBIR/STTR proposal
- Plenty of tips and examples for successful proposal writing
- Solicitation open and closing dates
- Solicitation topic review
About NM FAST
NM FAST (through the Arrowhead Center at New Mexico State University) offers eligible small businesses assistance with funding efforts through the federal SBIR and STTR programs. Securing federal funding for your innovation is a critical step towards commercial success. SBIR and STTR programs offer more than $2.5 billion dollars annually to support the development of technology by small businesses across the nation and are an excellent source of undiluted early stage capital, but they are highly competitive. Together, we assemble a team of advocates who will help you evaluate the feasibility of your idea and apply for an SBIR or STTR.
What is SBIR?
The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides an incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated and the U.S. builds entrepreneurial spirit as it meets specific R&D needs.
The SBIR Program is structured in three phases:
Phase I. The objective of Phase I is to establish the technical merit, feasibility, and commercial potential of the proposed R/R&D efforts and to determine the quality of performance of the small business awardee organization. SBIR Phase I awards normally do not exceed $150,000 total costs for 6 months.
Phase II. The objective of Phase II is to continue the R/R&D efforts initiated in Phase I. Funding is based on the results achieved in Phase I and the scientific and technical merit and commercial potential of the project proposed in Phase II. Only Phase I awardees are eligible for a Phase II award. SBIR Phase II awards normally do not exceed $1,000,000 total costs for 2 years.
Phase III. The objective of Phase III, where appropriate, is for the small business to pursue commercialization objectives resulting from the Phase I and II R/R&D activities. The SBIR program does not fund Phase III. In some Federal agencies, Phase III may involve follow-on non-SBIR funded R&D or production contracts for products, processes, or services intended for use by the U.S. government.