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What are the three phases of the SBIR Program?

phases program SBIR
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What are the three phases of the SBIR Program?

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Phase I is a feasibility study to evaluate the scientific and technical merit of an idea. Awards are for periods of up to six months in amounts up to $100,000. Phase II is to expand on the results of and further pursue the development of Phase I. Awards are for periods of up to two years in amounts up to $750,000. Phase III is for the commercialization of the results of Phase II and requires the use of private sector or non-SBIR Federal funding.

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