Stacy Chin explains what to do if your NIH SBIR Fast Track score lands in the borderline 30 to 33 range. Call your program officer to check the payline and funding odds, then start preparing a resubmission in parallel. If you get funded, withdraw it; if not, you're ready to go.
Alright, so my client just shared with me they got a 31 on their NIH SBIR Fast Track application. And this is kind of an interesting situation that we're in. Usually when a summary statement notes that your score is 30 or below, you have a pretty good chance of getting that funded. However, those 33 and above, you may not have as good chance of getting that awarded. So what happens when you're in that gray range of 30 to 33, and you're not too sure whether you met the payline for the NIH agency to fund this award? Well, there's two things you can do. First, reach out to the program officer ASAP. Ask them, what are your chances of getting funded and what's the payline? They're going to know best. And then two, you want to just go in for a resubmission if they're not too sure whether or not you're going to get funded, because you don't want to waste that precious time just in case you have to go for a resubmission. And if you were to get funded, just pull out the resubmission and then just go on with your award. Hopefully that tip helps you out. Make sure to subscribe and like to learn more.
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