The BHI Commercial Relevance Program (CRP) incorporates a pre-proposal submission at a minimum of one-month prior to full proposal submission that facilitates expert peer reviews from commercial reviewers with in-depth scientific and market knowledge. Resulting reviews will provide the applicant with a set of recommendations and tips for troubleshooting their proposal for federal funding. In too many instances, small companies blindly submit federal proposals without careful consideration of the structure of their research plan, commercial application, business strategy, and detailed budget and accounting. All of these critical components must come together to paint a complete picture of a well-executed research project that will assist a company strategically in its effort to commercialize a product. When small companies fail to take all of these factors into account, they naturally develop a negative record with the funding agency, hurting future opportunities. This occurrence is the worst possible outcome for small companies, and all the more reason to be thorough and strategic at the outset.
To read the original article: BHI SBIR/STTR Commercial Relevance Program (CRP)
