The objective of Phase I is to establish the technical merit, feasibility, and commercial potential of the proposed R/R&D efforts and to determine the quality of performance of the small business awardee organization prior to providing further Federal support in Phase II.
The objective of Phase II is to continue the R/R&D efforts initiated in Phase I. Funding is based on the results achieved in Phase I and the scientific and technical merit and commercial potential of the project proposed in Phase II. Only Phase I awardees are eligible for a Phase II award.
The objective of Phase IIB is to address the gap between the end of Phase II funding and the point at which technologies become attractive to private investors by offering additional funding as companies traverse the difficult and expensive regulatory process. Only Phase Il awardees are eligible for a Phase IIB award.
The objective of Phase III is for the small business to pursue commercialization objectives resulting from the Phase I/II/IIB R&D activities. The NIH SBIR and STTR programs do not fund Phase III.