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NSF — SBIR/STTR competition data

Data through FY2025

How to read these numbers

Phase I selection rate — out of everyone who applied, the percent that won. This one is reported by the SBA in its annual reports; we don't compute it.

Phase I→II conversion — out of the companies that already won a Phase I, the percent that later won the bigger Phase II. We compute this from linked award records.

Worked example. NSF's 10.8% selection and 31% conversion means about 11 in 100 applicants win a Phase I, and 31% of those go on to win a Phase II — so roughly 3 in 100 applicants end up with a Phase II.

The two awards are very different sizes. Phase I is the small proof-of-concept award; Phase II is the larger build award (at NSF, a median $305k against $1.2M in FY2025). Winning a Phase I is the cheap half of the story.

Phase I selection rate (real applications data) 10.8%

2,259 proposals → 245 awards. SBA SBIR/STTR Annual Report FY2022 (latest published edition; SBA lags ~2 years).

Phase II selection rate 48.9%

233 proposals → 114 awards (same source).

Phase I→II conversion (computed) 31%

2022 Phase I cohort: 100 of 324 won a linked Phase II within 3 years.

NSF launched a Fast-Track pilot in 2024 (solicitation NSF 24-582): one application, both phases awarded together.

Who wins (FY2025) 0% to firms with 5+ prior awards

65% to first-time winners · n=331 awards.

Awards and typical amounts

FYAwardsPhase IPhase IIMedian Phase IMedian Phase II
2021496 390106 $256k$1,000k
2022445 324121 $256k$999k
2023419 278141 $275k$1,000k
2024419 303116 $275k$1,000k
2025331 207124 $305k$1.2M

Phase I→II conversion by cohort

Phase I cohortPhase I awardsLinked Phase II Organic (fast-track excluded)Incl. fast-track
2025207 16 2% 8% (15 fast-track) provisional — cohort still inside the 3-year window
2024303 70 23% 23% provisional — cohort still inside the 3-year window
2023278 77 28% 28% provisional — cohort still inside the 3-year window
2022324 100 31% 31%
2021390 102 26% 26%
2020388 123 32% 32%
2019361 165 46% 46%
2018292 122 42% 42%

Pilot artifact, said honestly: the 22 Fast-Track pilot Phase I awards so far (first posted FY2025, solicitation NSF 24-582) publish both segments at the same time, and no pilot project has yet reached a competed Stage Gate transition in the public data — so the pilot can't say anything about conversion odds yet, and it doesn't touch the settled cohorts.

First-timers vs incumbents (Phase I only)

FYPhase I awardsFirst-time winners1–4 prior5+ prior
20267 100% 0% 0%
2025207 97% 3% 0%
2024303 96% 4% 0%
2023278 97% 3% 0%
2022324 96% 4% 0%

Most-awarded firms (last 5 FYs)

CompanyAwardsTotal obligations
SOSTOS LLC3$1.8M
EARTHSHOT LABS PBC3$1.4M
ECATE LLC3$1.8M
ASTEK DIAGNOSTICS INC.3$1.5M
Xheme Inc.3$1.7M
SOCTERA, INC.2$1.3M
GRAVEL CAPITAL LLC2$1.3M
RATTAN LIFE SCIENCE INC2$1.5M
WUI-GO, LLC2$1.5M
INAEDIS, INC2$1.5M

Search NSF awards by topic code →

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Sources and caveats (the honest part)

Sourced vs computed: Phase I/II selection rates (applications → awards) come from the SBA's SBIR/STTR Annual Report — FY2022 is the latest published edition, and SBA itself calls the rates estimates because proposal cohorts span fiscal years. Phase I→II conversion and first-timer shares are computed by us from sbir.gov's public award records. Linked by firm + agency + topic code where topic codes carry (suffix-tolerant for DOE's phase renumbering), with a title-similarity fallback elsewhere. 70% of links match on topic, 30% on title; each pair's match_tier is in the downloadable CSV, so you can recompute under stricter rules. Firms are identified by federal UEI where available (99.5% of 2025 awards, down to 54% for 2001), with a normalized-name fallback for older records.

Fast-track and Direct-to-Phase-II: no agency publishes a fast-track flag, so we derive it — HHS/NIH: a Phase I record carrying a Phase II activity code (R44/R42/U44) plus its linked Phase II; NSF: the 2024 Fast-Track pilot solicitation (NSF 24-582). Where fast-track exists, conversion is shown both organic (fast-tracks excluded) and all-inclusive, because a fast-track Phase II was committed at award time, not competed. DoD's Direct-to-Phase-II share is different in kind: there is no marker at all, so our number is an inference (Phase IIs with no same-firm DoD Phase I in the prior 3 years), always labeled an estimate and kept visually separate from measured stats.

What nobody publishes: per-topic application counts are published by no one — not the agencies, and not the $500–$42,000-a-year intelligence platforms either; the data simply isn't public. Any per-topic number on this site is award-side only (who won, how often winners repeat), never your odds of selection.

Sources: sbir.gov award data · SBA FY22 Annual Report. Free to use; verify anything critical against the originals.