Today ReliAscent conducted a webinar about the NSF accounting requirements, especially related to the SBIR Phase II award. ReliAscent is partnering with Dawnbreaker® on this effort. For those of you not familiar with Dawnbreaker®, they are a firm that NSF has contracted with to help NSF SBIR award winners to develop commercialization plans for the technology developed in the SBIR award. The NSF noticed that there were a number of companies selected for a Phase II award and then declined an award due to failure in the verification process. The NSF asked Dawnbreaker® to give some guidance on this subject to the companies they were working with. This is where we came in. Brian Sperry, a veteran of many years work with NSF SBIR grants, and I teamed up for the presentation. I thought mentioning some of the highlights would be worthwhile here in the blog.
The NSF looks at 3 basic things prior to award after a company's SBIR proposal has been selected. These 3 areas are:
- Adequacy of the Awardee's Accounting System (Go/NoGo)
- Financial Viability of the Awardee (Go/NoGo)
- Budgetary Review (Adjustment/Negotiation)