3 Phases of Product Development
From Idea Conception to Market!
Phase I: Proof-of-concept
- Up to $150K for 6 mos
- Up to $225K for 1 yr
Phase II: Research Study & Commercialization Plan
- NIH – up to $1.5Million across 2 yrs
- Other agencies – varies
Fast-Track: Phase I & II in a single application
Direct-to-Phase II: Used when Phase I is completed with non-Federal funds
NIH Commercialization Readiness Pilot Program:
- Up to $3Million across 3 yrs
- Includes technical assistance and late stage development guidance
Phase III: Marketing
- Not Federally funded
- Identify funding strategy in Phase II for non-Federal funds
- Angel investors; venture capitalists other government funds such as contracts, etc.