Small Businesses pursuing non-dilutive funding through the National Science Foundation's SBIR/STTR program must pass a financial review prior to receiving a Phase II award. This is known as a Financial Review and CAP review. There are also requirements placed on the Phase II awardee by the award document and many small businesses are unfamiliar with both the process and the requirements for accounting and financial systems during the performance of the award. I will try here to outline briefly (a 30,000 foot view) what is required by the NSF and why.Read More
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Posted by Mike Anderson on Fri, Oct 16, 2020 @ 03:13 PM
ReliAscent would like to remind all Small Businesses planning to submit a proposal for the NSF's SBIR/STTR 2019 Phase I solicitation, that the deadline to submit your applications is tomorrow, June 13th, at 5 PM (local time for each time zone).Read More
ReliAscent would like to remind small businesses planning on submitting a proposal in the latest NSF SBIR/STTR Solicitation, that proposals are due on December 6th. To view the complete list of topic areas for this solicitation, visit:Read More
The National Science Foundation (NSF) was the Federal Agency that gave birth to the Small Business Innovation Research (SBIR) program. They currently are the fifth largest agency for awarding money to the SBIR/STTR programs annually. The requirements in dealing with the NSF are slightly different from the requirements in dealing with the Department of Defense (DoD) which has the largest SBIR/STTR budget. Many times small business owners will begin dealing with one agency and not realize the differences. This can cause problems.