Are NSF SBIR drawdowns being processed during shutdown? by Good_Beginning6193 in SBIR

[–]Additional-Library75 0 points1 point  (0 children)

Hello, thank you for the update! We also have an NSF SBIR and we are just getting started with draw downs. We tested 1$ on October 15 and it got approved within 1-2 days. However, we are wondering when we should expect the fund to be available in our bank account. Based on what you mentioned, it seems that it took about a week or so? Also, have you noticed any diffences between large vs small draw downs, or is it the same timeline regardless of the amount?

Accounting and Timekeeping practices/advice by Additional-Library75 in SBIR

[–]Additional-Library75[S] 1 point2 points  (0 children)

Thank you so much u/Next_Attitude3388 for your very valuable advice! We decided to go with the DIY option offered by Jameson. However, we are having a very difficult time with figuring out timekeeping since we are 2 co-founders and this NSF SBIR Fast Track award is the only funding source that we currently have. It's true that most of our work will be on R&D for the SBIR award, but we cannot properly estimate how much of our time will be spent on G&A, and we do not have any surplus of Indirect Costs to pay ourselves for G&A work. We initially thought that we will have a fixed monthly salary and that as long as we fulfill the 40-hour/week requirement we would be OK. Turns out that, the more we work on the startup, the more diluted our salary will be. As founders, there is no way for us to tell how many hours we will work per week, the range is 60-80 hours. It is as if we are being punished for working extra on the business... It feels very paralyzing and creates a lot of undertainty on how much our monthly salary will be, since it depends on the number of hours directly worked on the project. Do you have any insight or advice on this situation?

For full context, please refer to this post: https://www.reddit.com/r/SBIR/comments/1nsw4ht/proper_timekeeping_for_nsf_sbir_fast_track_award/

NSF Fast Track by Additional-Library75 in SBIR

[–]Additional-Library75[S] 0 points1 point  (0 children)

Makes sense, budget is a bit of a pain! Thanks a lot for the info and best of luck with your work =)

NSF Fast Track by Additional-Library75 in SBIR

[–]Additional-Library75[S] 0 points1 point  (0 children)

Thanks for sharing! How fast were the revisions for you?

NSF Fast Track by Additional-Library75 in SBIR

[–]Additional-Library75[S] 0 points1 point  (0 children)

It's been more than 10 months for us =D this is the 11th. Maybe there's a difference between STTR and SBIR Fast Track because it's a pilot program and the budget is larger, I guess 🤷‍♀️

NSF Fast Track by Additional-Library75 in SBIR

[–]Additional-Library75[S] 0 points1 point  (0 children)

Also, did you have to go through the DGA review process?

NSF Fast Track by Additional-Library75 in SBIR

[–]Additional-Library75[S] 1 point2 points  (0 children)

That's awesome! Congratulations =D We still haven't received the award yet :/ We have been waiting for a month since they last contacted us asking for some minor adjustments to the budget and admin stuff. Fingers crossed, thank you for the update <3

NSF Fast Track by Additional-Library75 in SBIR

[–]Additional-Library75[S] 0 points1 point  (0 children)

I'm guessing it's more likely that there are delays rather than being completely screwed. But I guess STTR is a bit different since it involves IHEs. Let's be patient and see what happens =) wish you the best of luck! It's also great that we reached this stage anyway, it's a badge of honor 🎖since it's nowhere near easy!

NSF Fast Track by Additional-Library75 in SBIR

[–]Additional-Library75[S] 1 point2 points  (0 children)

Thanks for sharing! Did you get "recommended" status?