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During the NIH SBIR Conference in Louisville Kentucky this past week, Edward Jameson gave a spirited presentation regarding SBIR Accounting, and the importance of negotiating Indirect Rates on the Phase II of an NIH Award. As we always harp at our firm, taking the Provisional 40% F&A rate you receive at Phase I, and carrying [...]
Tuesday, September 13 7:30 am – Registration, Networking and Breakfast 8:00 am to 9:00 am - Program at McLane’s TradeCenter 128 Office 300 TradeCenter, Suite 6400 in Woburn, MA
Now that you´ve received an SBIR award, it´s time to address those accounting system requirements. The key to demonstrating an acceptable accounting system to a government auditor begins with the ability to segregate between direct, indirect and unallowable costs in your general ledger. Additionally, you will need to produce accurate job cost reports and demonstrate [...]
Chris is an owner and CTO of a small biotech R&D Company in upstate New York. He attended my webinar recently and very quickly understood the idea, that by checking the 40% box on the cost portion of his NIH proposal he was leaving a lot of money on the table. Chris downloaded the NIH [...]
We talk to hundreds of NIH grantee recipients every year and the most common mistake they make is to accept the “no questions asked” 40% indirect rate when they propose their grants. We equate the 40% rate to be analogous to a size 4 shoe. The government encourages you to wear it, but it fits [...]
Register for our Popular Webinar on the Cost Portion of Grant Proposals (Avoiding Common Mistakes, and Projecting Indirect Rates)
Learn to Avoid the Common Mistakes made on the Cost Portion of Grant Proposals Too often, small businesses spend hundreds of hours on the technical section of their SBIR/grant proposal while ignoring critical aspects of the cost portion. Researchers typically give only passing consideration to indirect cost recovery through the grant process. Consequently, research is [...]
By requesting a 40% F&A rate from NIH you may be leaving money on the table. When proposing grant funding, NIH mandates that you use no more than a 40% F&A rate on your phase 1 SBIR application unless you have an established indirect rate agreement with a government agency. They chide “NIH will not [...]