Stacy Chin explains why SBIR funding doesn't work for startups that need more than $2-3 million. Phase I awards max out at a few hundred thousand dollars, Phase II at roughly $1-2 million depending on the agency. If you're raising bigger rounds, SBIR won't cut it.
Now, the third reason why you should not pursue SBIR funding is because it may not be a good option for startups that are raising a lot of money. And this is especially true if you're looking to raise more than $2 or $3 million. SBIR grants are typically limited to a couple hundreds of thousands of dollars in a Phase I or about $1 to $2 million in a Phase II, depending on the federal agency you're going after. You can learn more about the NSF and NIH budgets for 2023 using the link in the description that goes to another video.
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
