NIST holds Congressional authority to establish a Commercialization Readiness Program (CRP). NIST may provide follow-on funding (up to an additional $100,000) to selected awardees after completion of Phase II. The funding would be used to further develop Phase II technologies, to support advancement toward Phase III, and to increase the likelihood of commercialization.
Additionally, 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 NIST, please visit this link: