Just finished a bunch of SBIR applications and checked the statistics for my clients—it’s getting more and more competitive to get SBIR grants, sad to say. The most recent stats are publicly available here: https://report.nih.gov/nihdatabook/report/96. The main takeaway is that in 2021 only 12% of Phase I SBIRs and 21% of Phase IIs were funded and remember that comprises both the first and resubmission applications. They are HARD to get. I still think it’s worth your time because getting an SBIR shows other investors the technology has legs, but it takes a lot of work to get it.