During a Phase II project, the EPA also offers a commercialization option of $100,000 to companies that can secure third-party investment of $100,000 or more for the commercialization of their technology. To implement this, the Agency requires a “Commercialization Option” under which Phase II offerors shall submit a proposal for up to $100,000 of additional EPA funding. Third-party investment must come from entities such as a venture capital firm, an individual “angel” investor, a state or local funding source, another company under a partnership,
licensing, or joint venture arrangement, or any combination of these or other “outside” funding sources.
However, awardees are always encouraged to seek other funding mechanisms to transition their work into a Phase III.
For a full listing of agency resources and NM FAST resources, relevant to an SBIR submission to EPA, please visit this link: