As a proposal preparation and evaluation consulting agency, we are always keeping a close eye on the Department of Defense (DoD) Broad Agency Announcement (BAA) for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs (DoD SBIR/STTR BAA). These opportunities provide a unique chance for small businesses to access non-dilutive funding and collaborate with the DoD to bring innovative solutions to the market.
DoD SBIR/STTR BAA changes to topic announcements
Recently, the DoD has made some significant changes to the SBIR/STTR BAA for 2024 that small business owners should be aware of. One of the most notable changes is the introduction of the Open Topic, which allows small businesses to submit proposals on any topic that aligns with DoD’s strategic priorities. This means that small businesses no longer have to wait for specific topics to be announced before submitting proposals. The Open Topic aims to increase the number of proposals received and to encourage innovative solutions from small businesses.
Another significant change is the increased funding limit for Phase I and Phase II awards. The DoD has increased the maximum award amount from $50,000 to $75,000 for Phase I and $1.5 million to $2.5 million for Phase II. This provides small businesses with more resources to develop and commercialize their technology.
Proposal preparation changes
Additionally, the DoD has reduced the Phase I proposal length from 20 pages to 15 pages, making the application process more streamlined and efficient. It’s important to note that the DoD has also made changes to the evaluation criteria, with a greater emphasis on commercialization potential and dual-use technology. Small businesses that can demonstrate the potential for both military and commercial applications will be more competitive in the selection process.
In conclusion, the recent changes to the DoD SBIR/STTR BAA for 2024 present exciting opportunities for small businesses. The Open Topic, increased funding limits, and streamlined application process all make it easier for small businesses to access non-dilutive funding and work with the DoD to bring innovative solutions to market. We encourage our small business clients to take advantage of these opportunities and prepare their proposals accordingly.
We work with high-growth startups and organizations that support the startup and innovation ecosystem. We build highly specific non-dilutive funding menus, provide proposal preparation services, and measure outcomes of funding through evaluation. Schedule a consult call with us HERE.