When it comes to awarding contracts, competition plays a pivotal role. It ensures that the process is fair, transparent, and that the best value for money is achieved. By opening up the bidding to multiple vendors, organizations can compare different proposals, evaluate various solutions, and ultimately select the most suitable offer.
One key question to be thinking through at the start of your federal journey is your technology’s technology readiness level (TRL).
Since 1982, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs have served as the nation’s largest sources of early stage/high-risk funding for start-ups and small businesses.1 There are eleven Federal Agencies that participate annually in the SBIR program and five participating in the STTR program.
To understand what a Phase III is and its importance, you must first know the SBIR and STTR programs. The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are extremely competitive government funding initiatives that support research and development for qualified small businesses.
Maybe you have a Phase I award, you are pursuing this opportunity, or you want a better understanding of the process. Whatever the case may be, after a Phase I, you will...
