Revisiting the Department of Defense SBIR Fast Track Initiative (2009) / Chapter Skim
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3 Findings and Recommendations
3 Findings and Recommendations
Pages 74-78
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From page 74... ...
Fast Track provides expedited review and essentially continuous funding from Phase I to Phase II as long as applying firms can demonstrate that they have obtained third-party financing for their technology.1 B The 2001 evaluation of Fast Track by another National Research Council committee found the DoD SBIR Fast Track program to be effective.2 o The program was found to be effective in: Leveraging public funding with private investments; 1 Third-party funding, in this case, is most often acquisition program funding.
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From page 75... ...
o This update of the 2001 study finds that Fast Track continues to be successful in reducing the funding gap between Phases I and II; however, the percent of Fast Track awards reporting no gap has decreased and the average gap has increased in recent years.3 C Firms that apply for Fast Track tend to be new to the program and younger than average SBIR firms.4 o Fast Track firms have had far fewer past Phase II awards than the overall population.
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From page 76... ...
The Phase II Enhancement: o Does not require evaluation of the Phase II proposal outside of the DoD component's normal evaluation process, providing firms additional time to locate third party investors and place less of a burden on management. o Employs criteria established by the component to meet the priorities of the component, making the Phase II Enhancement program responsive to the needs of the component.
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From page 77... ...
10 The DoD SBIR public Web site indicates that 77 Fast Track awards were made during the years 2002 to 2005. During that period, the Web site indicates that 395 Phase II Enhancement awards were made.
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From page 78... ...
o As the positive example of the Phase II Enhancement illustrates, DoD should continue to experiment with potential refinements to its SBIR program. o Both the Congress and the Department management should provide the flexibility and the resources to continue program experimentation, monitor progress, and evaluate outcomes.13 E
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