SBIR Grants are available at several federal agencies. However the Department of Health and Human Services (DHHS) is by far one of the most popular agencies when it comes to SBIR funding. In 2022 , they funded over $1 billion in SBIR grants. With National Cancer Institute (NCI) and National Institute of Allergy and Infectious Disease (NIAID) funding over $100M in SBIR projects in 2022. For small businesses with an idea or invention that aligns with their funding topics, DHHS and NIH are a great place to start your SBIR journey. Not sure where to begin, we can help - contact us . We welcome the opportunity to help your company explore how SBIR can fund the development of your product or technology.
Here is a brief overview of the NIH SBIR Grant Application process:
The NIH SBIR (Small Business Innovation Research) application process typically involves the following steps:
1. Solicitation release: NIH releases an SBIR funding opportunity announcement (FOA) that outlines the research areas and eligibility criteria for the funding opportunity.
2. Letter of intent: Applicants must submit a letter of intent (LOI) to the NIH, indicating their interest in applying for the SBIR grant.
3. Full application: Applicants must submit a full application, including a research plan, budget, and other relevant documents.
4. Peer review: All SBIR applications undergo a peer review process, where a panel of experts reviews the application and provides feedback to the NIH.
5. Award decision: Based on the peer review feedback, the NIH makes a funding decision and notifies the applicant of the award status.
6. Award administration: Successful applicants receive funding and are required to comply with NIH reporting requirements and other administrative procedures.
It's important to note that the SBIR application process can vary depending on the specific FOA and funding agency. Not sure what your next steps are - contact us.