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Let's assume Orin's estimate is true, and let's value an hour of time at $100. That means the average SBIR award costs $160,000 to win. Likely benefits: $50,000 for a Phase I and $750,000 to $1.5M for Phase II.
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"To clarify the math, if it takes two man-months (~320 hours) to prepare a SBIR proposal, and you have a 20 percent chance of getting the award, that’s an average of 10 man-months per award." ow.ly/S3Cq50Bp1J3 via @AcqTalk
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