The Crucial Role of & Federal Grants and Contracts

  • July 9, 2024

As a business owner or someone who may be seeking government contracts in the future, you must be aware of the System for Award Management (SAM) registration. SAM is a critical tool for businesses that want to compete for federal government contracts. Registration is a requirement for all businesses that want to work with the government, and it is essential that you register your business in SAM to be eligible for government contracts.

SAM registration is essential because it is a database that the government uses to identify and manage potential contractors, as well as to pay those who have won federal awards. Without SAM registration, you cannot compete for federal government contracts or grant applications.

It takes ~6 to 8 weeks to validate and could be the difference between submitting on time or at all. No other registrations are possible until you receive confirmation of an Active status before submitting an application on any federal platform.

Even if you are merely considering pursuing Small Business Innovation Research (SBIR) funding or government contracts in the future, taking care of SAM registration is a must. This step will help you stay ready and eligible for any opportunities that come your way. Once your registration is Active, it is your responsibility as the business owner to renew it annually. As these autogenerated reminders may be ignored or routed to the spam folder, it is critical to set calendar reminders to ensure that you renew your account before it deactivates.

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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.