NSF — SBIR/STTR competition data
Data through FY2025
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.
2,259 proposals → 245 awards. SBA SBIR/STTR Annual Report FY2022 (latest published edition; SBA lags ~2 years).
233 proposals → 114 awards (same source).
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.
65% to first-time winners · n=331 awards.
Awards and typical amounts
| FY | Awards | Phase I | Phase II | Median Phase I | Median Phase II |
|---|---|---|---|---|---|
| 2021 | 496 | 390 | 106 | $256k | $1,000k |
| 2022 | 445 | 324 | 121 | $256k | $999k |
| 2023 | 419 | 278 | 141 | $275k | $1,000k |
| 2024 | 419 | 303 | 116 | $275k | $1,000k |
| 2025 | 331 | 207 | 124 | $305k | $1.2M |
Phase I→II conversion by cohort
| Phase I cohort | Phase I awards | Linked Phase II | Organic (fast-track excluded) | Incl. fast-track | |
|---|---|---|---|---|---|
| 2025 | 207 | 16 | 2% | 8% (15 fast-track) | provisional — cohort still inside the 3-year window |
| 2024 | 303 | 70 | 23% | 23% | provisional — cohort still inside the 3-year window |
| 2023 | 278 | 77 | 28% | 28% | provisional — cohort still inside the 3-year window |
| 2022 | 324 | 100 | 31% | 31% | |
| 2021 | 390 | 102 | 26% | 26% | |
| 2020 | 388 | 123 | 32% | 32% | |
| 2019 | 361 | 165 | 46% | 46% | |
| 2018 | 292 | 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)
| FY | Phase I awards | First-time winners | 1–4 prior | 5+ prior |
|---|---|---|---|---|
| 2026 | 7 | 100% | 0% | 0% |
| 2025 | 207 | 97% | 3% | 0% |
| 2024 | 303 | 96% | 4% | 0% |
| 2023 | 278 | 97% | 3% | 0% |
| 2022 | 324 | 96% | 4% | 0% |
Most-awarded firms (last 5 FYs)
| Company | Awards | Total obligations |
|---|---|---|
| SOSTOS LLC | 3 | $1.8M |
| EARTHSHOT LABS PBC | 3 | $1.4M |
| ECATE LLC | 3 | $1.8M |
| ASTEK DIAGNOSTICS INC. | 3 | $1.5M |
| Xheme Inc. | 3 | $1.7M |
| SOCTERA, INC. | 2 | $1.3M |
| GRAVEL CAPITAL LLC | 2 | $1.3M |
| RATTAN LIFE SCIENCE INC | 2 | $1.5M |
| WUI-GO, LLC | 2 | $1.5M |
| INAEDIS, INC | 2 | $1.5M |
Search NSF awards by topic code →
Quarterly-ish, and only when something's actually new — a new SBA report year, a new stat, a dataset update. The weekly refresh alone never triggers an email. No account, one-click unsubscribe, and every number on this page stays free and open either way.
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.