The National Science Foundation (NSF) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Fast-Track Pilot Programs support early-stage companies in moving scientific and technological innovations from the lab to market. This program, also known as “America’s Seed Fund powered by NSF,” provides non-dilutive funding up to $1,555,000 across two phases: $400,000 for Phase I and $1,155,000 for Phase II. Funding is contingent on the successful completion of milestones in each phase, with Phase I lasting between 6-12 months and Phase II between 18-24 months. Proposals must include both a Phase I and Phase II component, allowing a faster transition from research to market-ready innovations.

To qualify, applicants must meet specific criteria, including having a previous NSF research award within the past five years (lineage requirement), a complete project team, and formal customer discovery training for at least one team member. The project team must be fully established at the proposal submission stage. Proposals must demonstrate technological innovation and an understanding of customer needs, emphasizing an innovation's competitive advantage and the potential societal benefits of commercialization.

Eligible entities include U.S.-based small businesses with fewer than 500 employees. Applicants must submit a Project Pitch to NSF, receive an invitation, and then apply via Research.gov. NSF will not accept submissions through Grants.gov. Proposals must align with NSF’s merit criteria for intellectual merit, broader impacts, and commercialization potential. Evaluation will consider factors like market opportunity, competitive advantage, and the team’s expertise.

Applications are due on a rolling basis with specific deadlines, including November 6, 2024, March 5, 2025, July 2, 2025, and November 5, 2025. Required documentation includes biographical sketches, a commercialization plan, and letters of support from potential customers or end-users. NSF places high importance on diverse representation and encourages applications from disadvantaged and women-owned small businesses.