Understanding indirect rates is essential for small businesses, particularly those engaged in government contracts or grants, as these rates determine how general operational expenses are allocated across projects. Accurately establishing and managing these rates enhances financial sustainability and compliance with varying agency guidelines.

Applying for an NSF Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) award can provide that critical early-stage funding, but starting a technology business comes with a unique set of challenges.

A professor at a leading research university had spent years working on advanced materials research. Driven by a passion for innovation, she decided to take her research from the lab to the marketplace.