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| SBIR Notes • October 2022 Supplement |
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| Hi! Senate Bill S.4900, the SBIR and STTR Extension Act of 2022, was signed into law by President Biden on Friday Sept 30th. (If you want to read the text of the bill, you can find it at https://www.congress.gov/bill/117th-congress/senate-bill/4900/text. The good news, SBIR/STTR budgets have been reauthorized! The bill does make some changes and these will start appearing in upcoming contracts and solicitations. Here is a brief summary.
- Pilot program to accelerate Department of Defense awards decisions and disbursements
- NIH Phase 0 Proof of Concept Partnership allows NIH to fund research institutions for grants supporting researchers on commercialization mentoring proof of concept
- Civilian Agency Commercialization Readiness enables agencies to use a portion of their funds to support useful Phase II technologies further
- Assistance for Administrative Costs – Agencies can use a portion of their funds to improve program operations, marketing, or reporting
- Phase Flexibility allows the National Institutes of Health, Department of Defense and Department of Education to grant Phase II awards without an initial Phase I award
- Commercialization Assistance – Requires agencies to have a program to offer continued support to companies, which can mean a third Phase II award
- Updated performance standards for companies with numerous awards
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| Don't forget to check out my video course on SBIR:
It's full of practical, step-by-step instruction on how the SBIR/STTR REALLY works!
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Here's to Entrepreneurship!
Nicole and the VentureWrench Team
P.S. Check out our latest blog post at Notes.VentureWrench.com with tips to help you take advantage of every opportunity to succeed. Our mission at VentureWrench is to help you achieve your entrepreneurial dreams. Our curated library of the best, most actionable resources to help entrepreneurs is live at
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