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
In case you hadn’t heard, some very big, very important news came out of Washington: Congress has reauthorized the SBIR & STTR programs for an additional five years. The current Reauthorization was scheduled to end in September 2017, so this “Christmas gift” to Federal Contractors and Grantees, extends the programs through the end of Federal Fiscal Year 2022.Read More