Senator Joni Ernst has introduced the INNOVATE Act, a groundbreaking piece of legislation aimed at reshaping the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Designed to boost American innovation, the INNOVATE Act will streamline access to funding for new businesses, eliminate corporate welfare, and protect vital technologies from foreign threats. By focusing on merit-based funding and fostering stronger partnerships with the Department of Defense, the bill is poised to usher in a new "Golden Age" of American innovation.

Photos provided by Pexels

Securing your first SBIR or STTR award is an exciting milestone, but before the funding is finalized, it's essential to ensure that your business is ready to meet the expectations of federal agencies. From demonstrating strong project management capacity and financial accountability to ensuring compliance with federal regulations, there are key steps every small business must take to position itself for success. In this blog post, I’ll break down the critical elements federal agencies are looking for before awarding funding—and how you can proactively prepare to meet their expectations.

Photos provided by Pexels

Navigating the SBIR/STTR proposal process can seem daunting, but with the right preparation, you can increase your chances of success. From determining eligibility and registering your business to developing a compelling proposal and planning for commercialization, each step plays a crucial role in securing funding. In this blog post, we’ll walk through the essential actions to take before submitting your proposal, ensuring that you’re set up for success from the start.

Photos provided by Pexels

When it comes to federal grant funding, understanding the principles of reasonable, allocable, and allowable costs is crucial for compliance and long-term success. Misclassifying expenses or failing to adhere to these principles can lead to serious consequences, including audit findings, funding clawbacks, and even jeopardized future awards. In this blog post, we'll break down what each cost principle means, why they’re important, and how you can ensure your business stays compliant when managing federal funds.

Photos provided by Pexels

The stress and chaos of last-minute grant proposal submissions can lead to errors that jeopardize your entire project. From technical glitches to overlooked compliance requirements, the risks of waiting until the final hour are significant. In this blog post, I share why starting early is the best strategy for success and how it can improve the quality and compliance of your proposal. Start planning ahead for 2025 and set yourself up for success!