Exciting news for innovative startups! The National Science Foundation (NSF) has announced the SBIR/STTR Phase IIB Supplemental Funding opportunity, designed to help high-impact, high-risk technology companies scale and commercialize their products. https://www.nsf.gov/pubs/2024/nsf24095/nsf24095.pdf
What is NSF SBIR/STTR Phase IIB Funding?
The Phase IIB supplement enables NSF SBIR/STTR Phase II awardees to leverage additional funds, ranging from $50,000 to $500,000, to accelerate their journey from lab to market. This funding matches external investments from sources such as equity investors, sales revenue, or licensing income, ensuring startups have the capital needed to thrive.
Why is NSF Phase IIB Important?
Securing sufficient funding is critical for startups aiming to transition to non-governmental capital sources. The Phase IIB supplement not only provides financial support but also validates the commercial potential of your innovation, making it more attractive to investors.
How E.B. Howard Consulting Can Help
Navigating the application process for supplemental funding can be complex. That’s where E.B. Howard Consulting comes in. Our team of experts specializes in SBIR proposal preparation and non-dilutive funding. We can assist you with:
- Identifying eligible funding sources
- Preparing and submitting the required financial package
- Crafting a compelling pitch deck for substantial funding requests
- Ensuring compliance with all NSF requirements
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.