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Phase II Grantees Conference

Phase IIB “Funding the Gap” Division of Industrial Innovation and Partnerships (IIP) Errol Arkilic, Ph.D. earkilic@nsf.gov. Phase II Grantees Conference. Phase IIB Details http://www.nsf.gov/eng/iip/sbir/phase_iib.jsp. Matching program (2:1) to help “bridge the gap”

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Phase II Grantees Conference

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  1. Phase IIB“Funding the Gap”Division of Industrial Innovation and Partnerships (IIP)Errol Arkilic, Ph.D.earkilic@nsf.gov Phase II Grantees Conference

  2. Phase IIB Detailshttp://www.nsf.gov/eng/iip/sbir/phase_iib.jsp • Matching program (2:1) to help “bridge the gap” • Minimum third party funding $100K ($50K additional from NSF) • Maximum NSF support $500K • NSF metric of success • Requires REAL 3rd-party funds • Equity, sales, contract revenue, some state programs, other • No in-kind, No debt, No voodoo • Open submission (no closing dates) – NEW • Window of opportunity defined by grant start and end dates • See award email • Requires support from your program manager/champion • Internal review by NSF IIP staff • Two types: • Under $250K from NSF – No presentation at NSF • Over $250K from NSF (Supersize) – Requires presentation at NSF

  3. Phase IIB Process - NEW • Deadline: 30 days prior to IIB proposal submission • Strongly encouraged to start the dialog 90 days out! • Written authorization from PM to proceed required • At the time of supplemental request • Original Phase II grant MUST NOT be expired • No Cost Extension precludes Phase IIB support • Entire funding package must be fully-executed • Phase IIB is not a foregone conclusion • 3rd Party funding is “necessary but not sufficient” condition • NSF is declining a higher percentage of Phase IIBs

  4. Supersize Phase IIB Presentation(Request > than $250K from NSF) • Scheduled at NSF by your PM • You, senior management, your partner, NSF program staff • 1.5 – 2 hour presentation • Outline provided • In-depth review of enterprise strategy • Very high information content • Window into your company

  5. Issues that have come up in the presentation • Finance package unravels • Ineffective corporate governance • Excessively-complex corporate structure • Lack of corporate focus • Unarticulated ROI • Unbalanced equity distribution • Negative impacts of some forms of financing

  6. Phase IIB Hints • Start the dialog at least 90 days from planned proposal submission • “Would you have received this funding if the Phase II funding had not been received?” • “How much of this funding is directly attributable to the Phase II effort?” • All deals are unique • Communicate with you program manager in advance, get their buy-in

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