In which phase of the SBIR grant process are funds used to create a prototype of a product or service
A) Phase I
B) Phase II
C) Phase III
D) Phase IV

Question

Quizplus · Accepted Answer

Phase II is where funds are used for the creation of a prototype of a product or service. Phase I funds are for the development of a research plan and proof of concept, while Phase III funds are for commercialization and Phase IV does not exist.

In Which Phase of the SBIR Grant Process Are Funds