Applying for SBIR funding involves several steps. First, small businesses must identify the appropriate federal agency and funding opportunity that aligns with their research goals. Agencies like the National Cancer Institute (NCI) often have specific solicitations for cancer-related projects. The application process includes submitting a detailed proposal that outlines the scientific and technical aspects of the project, as well as its commercial potential. Peer review panels evaluate the proposals based on criteria such as innovation, approach, and significance. Successful applicants are then awarded funding to carry out their research.
