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SBIR/STTR programs have seen a significant rise in funding, with Phase II obligations reaching over $2 billion in FY 2024. This trend highlights the growing investment in small business innovation.
Securing SBIR/STTR awards remains highly competitive, with only a fraction of proposals receiving funding. Understanding the competitive dynamics is crucial for success.
Transitioning from Phase II to Phase III poses challenges, including securing external funding and navigating complex commercialization pathways. Strategic planning is essential for overcoming these hurdles.
This report is adapted from GovWin's 'Top SBIR/STTR Trends and Program Outlook for 2025 and Beyond' webinar. Watch the on-demand recording for deeper insights.