BHGC Step-By-Step: Renewal Phase II
A successful Phase I award is a significant achievement, but it's just the beginning. For many businesses that have completed an SBIR/STTR Phase I project, the next major milestone is often the Renewal Phase II. This transition involves developing the proof-of-concept data in Phase I towards a tangible, commercial-ready solution. Blue Haven Grant Consultants (BHGC) specializes in helping companies navigate this critical stage, and our approach provides a great roadmap for what a successful Phase II application should entail.
In this post, we provide an overview of our process of moving from a successful Phase I project into a competitive SBIR/STTR Renewal Phase II application.
Building a Bridge from Phase I to Phase II
BHGC views Phase I not as a final achievement, but as a foundational step. Weutilize the Phase I Final Report as a powerful narrative to justify the Phase II project. We help clients align the outcomes and successes of Phase I with the more extensive scope of Phase II. This ensures a seamless transition and demonstrates to reviewers your project’s solid technical foundation and clear, logical, and compelling path toward commercialization.
Crafting a Winning Commercialization Plan
A strong Phase II application centers on a robust and detailed commercialization plan. We work with you to craft a strategic roadmap that goes beyond a technical work plan. This includes a deep dive into market viability, identifying the competitive landscape, defining a clear path to market, and pinpointing potential customers and end-users. We help you build a compelling case for why your innovative solution has strong market potential.
An additional signal to reviewers that your technology has a clear path to the market is letters of support from third parties. Our team will help you gather powerful letters from prospective commercial partners, investors, and industry stakeholders. These endorsements are powerful tools that emphasize your project’s external appeal and commercial potential.
Defining Clear Goals and Milestones
Phase II applications require a detailed work plan, often an extension of the specific aims completed in a Phase I project. Our team will help you craft clear, compelling, and actionable specific aims and key development milestones appropriate for your Renewal Phase II application. This detailed roadmap not only outlines the work to be done but also presents a cogent vision of the project's journey from a successful Phase I to a commercially viable product.
Our process is designed to provide comprehensive support, ensuring you have the strategic guidance and hands-on expertise needed to successfully transition from Phase I to the rewarding journey of Phase II. If your team is interested in moving from a Phase I to a Phase II Renewal or you are exploring SBIR/STTR as a funding option, make sure to schedule afree consultation with our team of experts.