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Re: Watts Watt post# 8569

Monday, 05/28/2012 9:15:47 PM

Monday, May 28, 2012 9:15:47 PM

Post# of 232480
If you are talking about an SBIR grant, completion of a Phase II in no way guarantees that a phase III will be granted (in fact only a small percentage of completions receive a phase III). The process is far from automatic.

In addition the military is sharply cutting back n funding this year.

In addition the amount of the grant is limited (I believe that it is about $750 K. And those that do receive grants don't necessarily receive the maximum. A significant amount of money, but very far from enough to restore the company to break even!