Blog
Winning your SBIR award is the first step, Now you need to stay compliant.
Here are a few things you need to put in place: An accounting system that separates cost types (direct, indirect and unallowable) and grants from other projects Financial policies and procedures – internal controls (travel, employee policies) Timekeeping system –...
After the Award: Organize or Die
Why your new company needs a strong backbone. In a strong organization, “responsibility” is not meant to be a way to point fingers. Instead, it is used to identify areas that need improvement. That’s the secret to a company’s future — organization that leads to...
NSF SBIR/STTR FY22 Changes
The NSF released their 2022 solicitation document January 13, 2022 and there are a few noteworthy changes from the past solicitations: NSF increased the SBIR/STTR Phase I funding amount to a maximum of $275,000 to better support the nation's startups and small...
You can send the same proposal to multiple agencies (but you can only accept one offer).
You can submit the same project to multiple agencies, as long as you indicate that you have multiple submissions in-review with overlapping scope. For example, you may have an innovation that would be applicable to NIH, NSF, and DOD topic areas. You can increase your...
After the Award #4 : Avoiding the Red Flags
Avoiding the Red Flags Prevention is the best method of making sure you’re considered a “best bet” to complete the work. The following questions are the ones on the minds of the agency considering you for an award. They’re also often employed by outside investors,...
After the Award #3: Will an audit be required?
Will an audit be required? The short answer? Yes. And no. It depends on the agency granting the award. But why do SBIR agencies even require audits after the award? Simple. They want to ensure that your financial system is free from misstatements, fraud or errors;...
After the Award #2 Read the award notice. Carefully.
After the excitement of receiving your award settles down, be sure to read the award notice or contract carefully. Then do it again. Government grant awards might seem like free money, but they do come with some strings attached. Those strings are determined by the...
What happens after the award?
#1: Hire the employees You can’t do everything yourself. You need the right people to help you move your company forward. But hiring the right people goes beyond simply finding them. Here are a few important things to consider: 1. Employee offer letter or employment...
BBC Entrepreneurial Training & Consulting Wins 2020 Tibbetts Award
Michigan-based company recognized for the economic and social impact resulting from promoting innovation and helping entrepreneurs through SBIR/STTR funding. CHELSEA, Mich. –– BBCetc announced today that it is one of the recipients of the Tibbetts Awards given by the...
What is a Technology Readiness Level (TRL) and why does it matter to you?
TRLs are a measurement system to assess the maturity level of a particular technology. The system was developed by NASA and has been used for many years by the Department of Defense and contracting agencies as a way to determine if a product is ready for the market....
