Funding for STTR programs is divided into three phases:
Phase I: This phase focuses on feasibility studies. Award amounts are generally up to $150,000 for about one year. Phase II: This phase involves the main R&D work and typically provides funding up to $1 million for two years. Phase III: This phase is geared towards commercialization. While STTR funds are not usually provided at this stage, businesses are expected to secure private or non-STTR funding to move forward.