What is NIST?
The National Institute of Standards and Technology, a division of the Department of Commerce, is scheduling the release of their annual Small Business Innovation Research federal grant opportunity this January. Get Ready! NIST SBIR is focused on advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. To advance innovation in this field, the NIST participates in the Small Business Innovation Research (SBIR) program. The 6-month Phase I projects will be funded with $100,000.00, and Phase II is eligible for $400,000.00.
Eligibility
As with all SBIR programs, you must be a for-profit business with fewer than 500 employees and offer an innovative approach to solving a problem with a product or idea. And don’t forget your required registrations. To be eligible to receive an award, you must obtain an EIN and DUNS number. You must also register with grants.gov, the System for Award Management (SAM), and the SBA company registry. Remember, some of these registrations can take up to 5 weeks to complete, so do not wait until the last minute to complete registrations.
Deadlines
The NIST SBIR solicitation will officially open on January 15th, 2021. All proposals are due by April 5th, 2021
Preparation
Creating a successful NIST SBIR proposal requires the collection of a few key pieces of information. Items of import include a hypothesis, an idea of who will be on your research team, budget expectations, and stakeholders or colleagues you can reach out to as references. These four simple things will allow your consultant to craft a cohesive proposal for you. To learn more about proposal preparation, visit HTTP://www.ebhoward.com.
Ready To Take the Next Step?
We assist our clients in locating, applying for, and evaluating the outcomes of non-dilutive grant funding. We believe non-dilutive funding is a crucial tool for mitigating investment risks, and we are dedicated to guiding our clients through the entire process—from identifying the most suitable opportunities to submitting and managing grant applications.