Funding guide › Comparisons › SBIR/STTR Phase I vs SBIR/STTR Phase II

SBIR/STTR Phase I vs SBIR/STTR Phase II

US federal R&D grant vs US federal R&D grant: estimated rate as of today, time to cash, eligibility and what you give up — side by side.

Key differences

  • They price differently, so compare the effective annual cost for your numbers in the calculator.
  • SBIR/STTR Phase I is usually faster to fund (about 5 months vs about 6 months).

Side by side

SBIR/STTR Phase ISBIR/STTR Phase II
ProductUS federal R&D grantUS federal R&D grant
Funding typeGrants & tax creditsGrants & tax credits
Estimated rate as of todayNo cost — non-repayableNo cost — non-repayable
Pricing sourceEstimated as of todayEstimated as of today
Time to cashAbout 5 monthsAbout 6 months
Typical sizeUp to $314KUp to $2M
Term——
RequirementsNo hard minimums listedUsually requires a Phase I award
RegionsUSUS
What they underwriteYour R&D proposalYour R&D proposal
CollateralNoneNone
How you repayNever (grant)Never (grant)
DilutionNoneNone

SBIR/STTR Phase I

2026 cap $314,363 over 6–12 months; agency-specific topics.

SBIR/STTR Phase I vs SBIR/STTR Phase II FAQ

What is the difference between SBIR/STTR Phase I and SBIR/STTR Phase II?

They price differently, so compare the effective annual cost for your numbers in the calculator. SBIR/STTR Phase I is usually faster to fund (about 5 months vs about 6 months).

Which is faster, SBIR/STTR Phase I or SBIR/STTR Phase II?

SBIR/STTR Phase I usually funds in about 5 months; SBIR/STTR Phase II takes about 6 months.

Which is cheaper for you?

The answer depends on your amount, term and revenue. The calculator prices both on the same basis — fees, warrants and dilution included.

Related comparisons

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