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The average is for them to fund 2-5 Phase 1 awards at $150K and then 1-2 Phase II awards of $1MM each based on the most promising of the Phase I. Given recent
by cjones99 13y ago
The average is for them to fund 2-5 Phase 1 awards at $150K and then 1-2 Phase II awards of $1MM each based on the most promising of the Phase I. Given recent changes to the SBIR program, note that Phase I SBIRs can now be for $150K and Phase IIs at $1MM.
It can happen, but is rare, that they would fund nothing on a topic in the solicitation.
And as you say, compelling results out of the SBIR work can lead to follow-on work that is >> $1MM.
The short of it is, the Navy is interested in this topic, and if you have a small tech business with innovative ideas in this space there is a great funding opportunity here for you to advance your tech and grow your business.