Earlier this week the SBA announced that they were changing the limits on the SBIR grants to $150K for Phase 1 and $1M for Phase 2 awards (see our earlier blog SBIR Award levels raised). The NIH appears to be the first agency to acknowledge this by posting on their website that they will honor these new levels. They also are indicating that any proposal submitted (new or revised) after April 5th will be elgible for these budget levels. They are careful to point out that they won't allow the budget request to be changed after the proposal is submitted but at least they are allowing the proposals to come in at the new budget levels. This quick adoption of the SBA's guidelines should help to solidify the SBA's role in the SBIR program and take some more pressure off of congress. My hope is that this will also encourage congress to quickly reach agreement in the House and Senate on a SBIR re-authorization bill so we can move forward with this program. The SBIR program is proven for the ability to not only provide jobs but also to foster innovation in the United States. In our difficult economy most large companies are finding it very difficult to fund independent innovation so the SBIR program becomes all that more important if the United States is to continue to be competitive in the shrinking world marketplace.
DCAA Compliance Blog
Your Source for DCAA News and Information for Contractors
ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance. From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.
In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.
We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!