NSF Phase I SBIR grants top out at $275,000 for 6-12 months; Phase II at $1 million for 24 months. NIH Phase I goes up to $295,000, Phase II to $1.97 million. Both are non-dilutive, so you keep all your equity.
Here are the budget funding limits that you need to keep in mind if you're applying for an SBIR to the NIH or NSF in 2023. If you're applying for a Phase I SBIR to the National Science Foundation in 2023, you can ask and budget up to $275,000 for a total proposed project period of 6 to 12 months. And for a Phase II, you can propose up to $1 million of funding for a proposed project period of 24 months. Now, if you're applying for a Phase I SBIR to the NIH, or the National Institute of Health, you can ask up to $295,000 for a proposed period of 6 to 12 months. And now for a Phase II, you can budget up to $1.97 million for a proposed project period up to 24 months. And keep in mind, all this funding is non-dilutive. That means if you get awarded, you get to keep the equity in your company.
Applying for NIH SBIR in Jan 5, 2027? You Should Be Starting NOW. Here's why...
How to Get Invited to Apply for $305K in NSF SBIR Funding || Step-by-Step Guide
