Considering Costs For a Successful SBIR Project

When applying for your SBIR, your budget considerations include more than just your direct costs of research.  In a previous post, I mentioned the impact of F&A on your overall budget costs, below I highlight a few other considerations as you prepare for a Phase 1 submission.

What does this mean if my SBIR budget is only $50,000 – $225,000??  First, don’t be discouraged!  The SBIR/STTR program is still one of your best resources for innovation funding; access to new customers; and a network of support to develop high-risk tools.  But the biggest mistake we see is for an entrepreneur to propose too much in a single submission.

The CTC can help you strategize a path where you can consider a reasonable set of experiments within the budget allowed.  And with an SBIR award, Wisconsin businesses can take advantages of programs like SBIR Advance to help offset the costs not covered in your SBIR federal award.

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Learn more about CTC’s SBIR Guidance and Funding Programs

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