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How to Prepare a Budget for Your SBIR/STTR Proposal
June 17, 2020 @ 11:00 am - 1:00 pm EDT
The budget may not directly impact the technical and commercial review of a proposal, but it will always be taken into consideration for overall funding decisions. Make sure yours is well crafted and supports the work proposed. Your goal is to keep it real, keep it accurate and keep it honest. This virtual classroom brought to you by Wmed, will walk through the development of a project budget.
What you’ll learn:
- What costs need to be included
- How to write a budget justification
- Can the company afford to pursue this project
- What indirect rate should be used and more!
Presenter: Kris Bergman, Managing Partner
Kris is a Managing Partner and co-owner of BBC Entrepreneurial Training & Consulting. Prior purchasing the company in October 2016, Kris was Principal Consultant for Grants and Contracts Management, having joined BBCetc in 2000. In addition to BBCetc’s financial and business management, Kris assists clients in preparing to receive and manage federal grant and contract funds. This includes advice on financial policies and procedures, DCAA compliance, budget development, indirect cost negotiation, Just-in-Time response, using QuickBooks and preparing for government audits. Prior to joining BBCetc she owned and operated two different service startups before becoming the Global Sales Administrator or a major software development company.
Do you know about Michigan’s SBIR/STTR Assistance Program? The Michigan SBIR/STTR Assistance Program provides SBIR/STTR training and proposal development services to technology companies with most costs covered by a state grant. The program is managed by BBCetc.
Funds for this initiative were provided by the 21st Century Jobs Fund, a MSF program designed to accelerate the growth and diversification of Michigan’s economy.