SBA utilizes reported total sales or revenues-including government designated Phase III awards, total dollars invested, or the number of patents, that resulted at least in part, from work performed under Phase II awards received during the 10-year period to calculate the Commercialization Rate Benchmark. The Commercialization Rate Benchmark calculation is based on data submitted through the Company Commercialization Report. It requires the company to average at least $100,000 of sales and/or investments per Phase II award received during the period or have received a number of patents equal to or greater than 15% of the number of Phase II awards received during the period. The Commercialization Rate Benchmark only applies when a company has received 16 or more Phase II awards during the past ten fiscal years, excluding the two most recently completed fiscal years. N/A –benchmark does not apply, firm has less than 21 Phase I Awards. Pass, ratio is equal or greater than 0.25 Transition Rate Calculation (Phase II Awards / Phase I Awards) Here is an example of what the Phase I to Phase II Transition Rate Benchmark assessment would look like if conducted in Fiscal Year 2023. The Phase II period begins one year later because Phase II awards rarely occur during the same year as the Phase I.
To calculate the Phase I to Phase II Transition Rate, SBA divides the total number of SBIR and STTR Phase II awards a company received from all agencies during the past five fiscal years by the total number of SBIR and STTR Phase I awards the company received from all agencies during the past five fiscal years, excluding the most recently completed year. It requires the company to average a ratio of Phase II to Phase I awards of at least 0.25, meaning they must average one Phase II for every four Phase I awards received during the measurement period. The Phase I to Phase II Transition Rate Benchmark only applies when a company has received 21 or more Phase I awards during the past five fiscal years, excluding the most recently completed fiscal year. Phase I to Phase II Transition Rate Benchmark
Benchmark meaning in us government update#
This update (March 2023) reflects those statutory changes. The SBIR and STTR Extension Act of 2022 (Public Law 117-183) amended the application of these benchmarks for more experienced firms. The Phase I to Phase II Transition Rate Benchmark was published at 78 FR 30951 in May 2013, and the Commercialization Rate Benchmark was published at 78 FR 59410 in September 2013. The benchmarks were published in the Federal Register for public comment and agreed upon by all 11 SBIR agencies. The purpose of these benchmarks is to ensure that Phase I applicants that have won multiple prior SBIR/STTR awards are progressing towards commercialization. The performance benchmark requirements address the extent to which an awardee progresses a project from Phase I to Phase II (i.e., Phase I to Phase II Transition Rate Benchmark) and the extent to which an awardee progresses a project from Phase II towards commercialization (i.e., Commercialization Rate Benchmark). Companies with multiple SBIR/STTR awards must meet minimum performance benchmark requirements to be eligible to apply for a new Phase I or Direct-to-Phase II award.
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