Stacy Chin explains how to use a $275,000 Phase 1 SBIR award: technically validate your technology, prove it outperforms existing solutions, and demonstrate commercial potential to move into Phase 2.
If you were to get the Phase 1 award of $275,000 tomorrow, what are you going to do technically to prove that your innovation, number 1, works, and 2, is better than current solutions? Or in other words, how do you prove that your innovation has commercial potential and that at the end of Phase 1, you're ready to hit the ground running for your Phase 2 proposal?
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