【正文】
es are eligible for a Phase II award. STTR Phase II awards normally do not exceed $1,000,000 total costs for 2 years.Phase III. The objective of Phase III, where appropriate, is for the small business to pursue mercialization objectives resulting from the Phase I/II R/Ramp。D activities. The STTR program does not fund Phase III. In some Federal agencies, Phase III may involve followon nonSTTR funded Ramp。D or production contracts for products, processes or services intended for use by the . Government.Competitive Opportunity for Small BusinessSTTR is a highly petitive program that reserves a percentage of federal Ramp。D funding for awards to small businesses and Unites States nonprofit research institutions. Small business has long been where innovation and innovators thrive. But the risk and expense of conducting Ramp。D can be beyond the means of many small businesses. Conversely, nonprofit research laboratories are instrumental in developing hightech innovations. But frequently, innovation advances theory, rather than the development of innovative practical applications. STTR bines the strengths of both entities by introducing entrepreneurial skills to hightech research efforts. The technologies and products are transferred from the laboratory to the marketplace. The small business profits from the mercialization, which, in turn, stimulates the . economy.STTR Policy DirectiveNote: The version of the STTR Policy Directive PDF below is dated February 24, 2014. It includes the amendments made on January 8, 2014 [79FR1309] as well as corrections to Appendix data tables made on February 24, 2014.