Blue Biofuels Inc (BIOF)

[brooklyn137]

From the Dept of Energy.

Both the SBIR and STTR programs at DOE have three distinct phases.

Phase I explores the feasibility of innovative concepts with awards up to $100,000 for about 9 months.
Only Phase I award winners may compete for Phase II funding.
Phase II focuses on the principal R&D effort, with awards up to $750,000, over a two-year period.
Phase III, in which non-Federal funding is used by the small business to pursue commercial applications of the R&D. In addition, under Phase III, Federal agencies may award non-SBIR/STTR-funded, follow-on grants or contracts for products or processes that meet the mission needs of those agencies, or for further R&D.
https://science.osti.gov/sbir/About/Phase-I-and-Phase-II-Info