Stacy Chin explains Phase II SBIR funding: after Phase I proves your R&D works, Phase II money goes toward turning it into a product you can actually sell and make revenue from. It's competitive but more likely than most other funding sources.
And the purpose of Phase II SBIR or STTR funding is to allow the startup to continue their Phase I R&D efforts. But in Phase II, now your goal is focused on transforming the proposed innovation into a product or service that can be commercialized and eventually generate lots and lots of revenue for your company. And because of that, the chances of securing a Phase II application is actually much higher compared to the other opportunities, although they're still very competitive.
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
