Today I had the pleasure of presenting "How to Produce a Winning NSF SBIR Phase I and Phase II Proposal". This webinar was conducted through the Principle Investigators Association. The webinar focused on what it takes to produce a viable National Science Foundation (NSF) Small Business Innovative Research (SBIR) Phase I and Phase II proposal.
A synopsis of the webinar is as follows:
The primary objective of the NSF SBIR Phase I and Phase II Programs is to increase the incentive and opportunity for small firms to undertake cutting-edge, high-risk, high-quality scientific, engineering, or science research that would have a high-potential economic payoff if the research is successful. That’s pretty clear.
Unfortunately, producing SBIR Phase I and Phase II proposals isn’t as straightforward as we would like, and many scientists struggle with crafting an effective proposal. Some key questions scientists are faced with include: What level of detail should be included in a SBIR Phase I and Phase II proposal? What are the key differentiators the Review Panelist and Program Directors look for? How do timing, market dynamics and strength of personnel affect proposal outcomes? And, which category should my proposal be submitted under?
As proposals are reviewed, each reviewer focuses on the following:
1. Is the project innovative, is there enough revenue that will come from it to justify a potential return to the tax payer over time in jobs and taxes. Are there any great social benefits to be obtained that may reduce our concern for complete commercialization?
2. Is their significant risk in the project that would prevent copycats from jumping in? Are their barriers to entry or can any John or Jane Doe replicate the business with a few $100K? If so, then that would beg the questions as to why the government should invest a million.
3. Is the innovation sustainable with private sector funding after the project is complete? The government is reluctant to get into situations that require additional funding beyond the million for the company to begin commercialization. We are concerned that the company has the resources or capabilities to effectively commercialize.
I look forward to your comments.
Labels: NSF SBIR.Principle Investigators Association, Phase I, Phase II, Research