You Have Sole-Source Authority – Now You’re Ready for Phase III!
The first thing to know about a Phase III is though it comes after a SBIR/STTR Phase I or Phase II, it is no longer a part of the SBIR/STTR program. Instead, this is the point where you can leverage the sole-source authority achieved through the other two phases to have access to greater funding and opportunities in the DoD.
The purpose of a Phase III contract is to transition and scale a company’s SBIR effort into widespread use.
A Phase III is defined as “an award that derives from, extends, or completes prior SBIR effort and is funded with non-SBIR funds” (sbir.gov). To simplify, the work must “derive from” or be traced back to a previous SBIR/STTR effort and funding agreement. The “extends” portion refers to work that can go beyond what a previous effort contained.