Stacy Chin breaks down SBIR grants for startups. Phase I is $100K–$300K over 6–12 months to validate your science. Phase II is $1M–$2M over 1–2 years to commercialize it. Phase I teams are mostly technical; Phase II teams need business and go-to-market people too.
Chapters
I am an SVIR Phase I. I am an SVIR Phase II. I give out non-diluted funding for small for-profit businesses, usually anywhere from $100,000 to $300,000, depending on the agency. I do the same, but my dollar amounts are a bit bigger, like in the $1 to $2 million range, or something more, depending on the agency. Usually startups that apply for me are in the earlier stages, hoping to validate an idea or prove a new concept. Usually of startups that applied to me already had completed these steps and now are ready for commercialization. What's my goal? To get you funding so that you can develop your idea and get data showing that the concept actually works. And what's my goal? To get you funding so that you can further progress on your developments into a working product and start a path forward towards market. And that's why my project periods typically range from 6 to 12 months. Whereas project periods in my application typically range from 1 to 2 years. Typically, teams that apply to me are heavier on the technical side, like the scientists and the engineers. For me, I need more than this. We have to expand on your technical capabilities, but also business, go-to-market, clinical, or regulatory as needed. That's because we're past the benchtop. It is now time to get your idea to the market. At the end of the day, as Phase 1, I'm here to help you win the science. At the end of the day, as Phase 2, I'm here to help you build your business.