What is an SBIR Fast Track Award?
Fast track grants are when Phase I and Phase II applications are submitted and reviewed concurrently. The Phase I is identified as a 1 R44, Phase II a 4 R44. If awarded, the Phase I will not show future year commitments. To be eligible for fast-track funding, the applicant must submit both a Commitment Appendix (showing committed funds and/or resources for the commercialization of the product) and a Product Development Plan (concisely providing information about the company, funding history, commercialization, product value, target dates, milestones, market analysis, and patent status).
Fast track grants are when Phase I and Phase II applications are submitted and reviewed concurrently. The Phase I is identified as a 1 R44, Phase II a 4 R44. If awarded, the Phase I will not show future year commitments. To be eligible for fast-track funding, the applicant must submit both a Commitment Appendix (showing committed funds and/or resources for the commercialization of the product) and a Product Development Plan (concisely providing information about the company, funding history, commercialization, product value, target dates, milestones, market analysis, and patent status).
