What kind of companies participate in SBIR?
Companies that have highly innovative ideas and the ability to compete in merit based proposal competitions do well. The company must be able to convince the awarding agency that they can complete a quality feasibility R&D study, then take that concept into development of a prototype product or service. Companies also need to convince the awarding agency that they are able to effectively plan and acquire resources. The company must verify and communicate market potential, secured capital to finance prototype development into a commercial product, and the ability to complete necessary marketing to secure the investment.
