Phase III Success Stories
DOE provides nearly $300M annually to SBIR/STTR awardees in two (2) releases funding ~400 Phase I awards and ~160 Phase II awards. It is the expectation of Congress that technology developed using these designated taxpayer funds result in some form of public benefit whether it be in the form of taxable revenue, jobs or some other societal or scientific benefit.
Success stories are written to highlight small businesses that have successfully transitioned their SBIR/STTR funded technology to Phase III. Phase III refers to work that derives from, extends, or completes an effort made under prior SBIR/STTR Funding agreements, but is funded by sources other than the SBIR/STTR programs. Phase III work is typically oriented towards commercialization of SBIR/STTR research or technology, including through further research and development work. Learn more about Phase III by watching this DOE workshop recording on Navigating Phase III Contracting from September 2023.
Have a success story to share? Contact Eileen Chant.