FAQ: What percent of SBIR applications are funded?
Answer: At the NIH, around 14% of SBIR applications for Phase I and 25% for Phase II. Those with scores lower than 30 are typically funded for Phase I. For Phase II, more factors come into play. Proposals with scores of 10 to 40 are in the “zone of consideration.” Other factors considered include balancing the NIH institute’s program and your proposal’s similarity to other funded projects.
FAQ: What are the next steps after submission? Just-In-Time Procedures
You may be asked for additional information as part of Just-In-Time procedures, which means your application is still in consideration for an award. Submitting all required documentation in a timely fashion helps to ensure you receive and award money granted sooner.
FAQ: Should you quit pursuing entrepreneurship if your SBIR proposal is not funded?
Answer: If your proposal is not funded, you can use the feedback to improve it and try again. Reach out to your program official after you get your Summary Statement and schedule a time to talk about whether resubmission is a good idea in your case. You may also want to contact your scientific review officer (SRO), (the person in charge of the review panel assigned to review your proposal) to see if they have any information to help you determine if this is a worthwhile option. Even if the NIH staff do not encourage resubmission, you can use the review to improve your vision, change to a more productive project, or seek funding somewhere else, perhaps privately.
- Revised proposals have higher success rates than first time submissions.
- The same panel will review your revised proposal, but it may have new reviewers.
- Reviewers are not given access to your previous submission but are given access to your previous Summary Statement.
Proposal Resubmission Tips
- Don’t view an unfunded proposal as a failure. The review can be valuable in correcting important issues. The majority of proposals that are funded have gone through a resubmission.
- Consider a new proposal if the weaknesses identified in the Summary Statement are substantial or if the science has changed a great deal.
- Use your review:
- Contact your program officer. For grants (but not contracts) they will help you determine whether a resubmission if a good idea in your case and guide you through the process. Their name is on the summary statement from your review.
- Address the reviewers’ concerns point by point and summarize in a one page response. If you feel the comments were off base, consider that you need to do a better job of explanation. Be very respectful in your response to reviewers.
- Have someone else read your revisions to make sure your responses are clear.
- Consider whether additional preliminary data, from either scientific or market research, would help you better make your case.
- Follow the most recent Funding Opportunity Announcement.