NSF Fast Track The National Science Foundation (NSF) has introduced a new Fast-Track Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) offering to accelerate the commercialization of innovative technologies.
The maximum total SBIR/STTR Fast-Track award amount is $1,555,000 (inclusive of direct and indirect costs, Technical and Business Assistance (TABA) funding, and the small business fee): $400,000 maximum for the Phase I component and $1,155,000 maximum for the Phase II component. The expected project duration will be between 24 months and 36 months. The duration of a Phase I component can be between 6 months and 12 months, to be specified by the company. The duration of a Phase II component can be between 18 months and 24 months, to be specified by the company.
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This program aims to streamline the funding pocess for promising small businesses and startups engaged in cutting-edge research and development.
Purpose: The Fast-Track SBIR/STTR program is designed to expedite the funding and development process for high-potential projects. It combines Phase I and Phase II of the traditional SBIR/STTR program into a single, streamlined application process. This approach allows companies to move more quickly from concept to commercialization, reducing the time gap between initial research and market entry.
Submit proposals for one of the deadlines posted.