Stacy Chin explains how startups can access NIH SBIR or STTR funding through Phase I applications. These programs help early-stage companies prove their research idea works and has commercial potential, even if they haven't built anything yet.
The first route to get NIH SBIR or STTR funding is through the Phase I applications. So the purpose of these programs is to help startups establish the scientific merit, technical merit, feasibility of the proposed research. Here, your goal is to validate whether or not your innovation has potential for commercialization. So if you are a brand new startup with a groundbreaking idea, but you haven't done any research or development efforts to prove that your idea works, then a Phase I application is a good fit for you.
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