Summary

In summary, projects that are good bets for SBIR funding straddle a fine line between innovative research and product/technology development. If the reviewers deem the project to be too far to one side or the other, the outcome will be poor. Projects that do well in review also have a well-defined business plan: a plan to take the product or service from successful research to commercialization. Projects that actually go to completion generally have a mix of funding. Often, the SBIR- funded portion is small. Finally, the time from project initiation to successful commercialization is usually quite long when clinical studies and regulatory approval are mandated. The SBIR program can provide the impetus for project initiation, in some cases cutting the time to successful commercialization. More important, the seed money provided through an SBIR application will, if used in accord with the way the program is designed to work, provide the impetus for certain high-risk approaches that would not be undertaken in the absence of such funding.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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