In this YouTube short, Stacy Chin explains the SBIR/STTR Fast-Track funding mechanism. She states that applicants can request $295,000 for Phase I and up to $1.9 million for a 24‑month Phase II. By combining both phases in a Fast‑Track application, a project can secure over $3 million in non‑dilutive funding covering a total project period of more than three years.
Because it combines Phase I plus Phase II, you can ask for the same amount of $295,000 of funding for your Phase I application and then up to $1.9 million for a 24-month period within your Phase II application. So that means with a Fast-Track application, you have the opportunity to secure over $3 million of non-diluted funding for a total project period of over 3 years.
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How to Get Invited to Apply for $305K in NSF SBIR Funding || Step-by-Step Guide
