It’s easy. You’re a small business that has won the Phase I award through the SBIR program, and we are the accounting team that will help you through all the hurdles of winning the Phase II award.
You’ve just pushed through Phase I of the process and chances are pretty likely that you are feeling a little fatigued right now. It’s no surprise. You’ve just successfully established the technical merit and feasibility of your innovative idea, and because of your efforts, you’ve secured an award in a highly competitive program. That’s no small feat!
However, you’re not even close to being out of the woods yet. The standard SBIR deadlines for 2021 are coming up* at the beginning of January, and you haven’t even begun to write your proposal for Phase II. And that is not even the half of it.
Did you know that if an SBIR agency is even considering granting you a Phase II award, they may require an in-depth pre-award “survey”? When it comes to Phase I of the SBIR program, the awards are typically smaller (no more than $150,000) so the government only expects a rudimentary system when it comes to your accounting. However, in Phase II the expectations will change drastically. Suddenly there is a LOT more money (up to $1 million compared to the possible $150,000 from Phase I) and the government will need to feel absolutely confident that your small business has a flawless accounting system.
Right now, having an experienced accounting team that is well versed in all of the unique government rules required by the Federal Accounting Regulations is crucial. Don’t let this intimidate or discourage you; here comes the good part:
At Team 80, we understand ALL of the challenges you have yet to face and we are here to help further the R/R&D efforts that you’ve worked incredibly hard to initiate in Phase I. Allow us to take the confusing, complicated burden that is the SBIR program off your shoulders!
With over 20 years of extensive experience in government accounting, and having worked directly with agencies that participate in the SBIR programs, Team 80 has been able to successfully help small businesses (like yours) propose and WIN the SBIR research grants needed to develop their innovative ideas.
Using a “back-office accounting” approach, we provide an all-in-one solution for all of your accounting needs so that you don’t need to hire internally. We promise to save you money and time, and we utilize cloud-based accounting solutions, giving our expert help to set you up and keep you running smoothly with your specific SBIR accounting needs.
We also understand that many people are currently working from home right now which is why we offer remote SBIR accounting services.
So, you have made it this far in your SBIR journey–why not let us take over from here so that you can get back to focusing on what matters most? get in touch today to learn more.
- Department of Commerce NOAA – 2/13/2021
- Department of Defense DoD 21.1 – 2/12/2021
- Department of Education contracts – 1/21/2021
- Department of Energy – 2/24/2021
- Homeland Security 2020.1 – 1/22/2021
- Department of Transportation 2021– 3/20/2021
- NASA – 3/29/2021
- NSF – 3/3/2021 and 6/3/2021