STTR Cost Volume Walkthrough: Build Winning Proposals with Ease
Navigating the STTR budget process can be daunting, but it’s a critical component of securing funding for your innovative projects. In this video, we provide a comprehensive walkthrough of creating a compliant and competitive STTR budget. From estimating labor costs to understanding funding limits and profit margins, we cover everything you need to know to avoid common pitfalls and align your budget with your proposal narrative. Whether you’re new to STTR or aiming to refine your approach, this guide will help you build a budget that stands out. Watch the full video below and take the first step toward winning your next STTR contract.
Frequently Asked Questions about STTR Cost Volumes
Q1: What is STTR?
The Small Business Technology Transfer (STTR) program is a U.S. government initiative that provides non-dilutive funding to small businesses working in partnership with research institutions, such as universities or federally funded research centers. The goal of STTR is to help commercialize innovative technologies by leveraging both business and academic expertise.
Q2: What is an STTR Cost Volume?
An STTR Cost Volume is a detailed budget document required for Small Business Technology Transfer proposals. It outlines how your team plans to allocate funding, including labor, materials, subcontractors, and indirect costs.
Q3: Why is the cost volume important for STTR proposals?
The cost volume demonstrates your understanding of project costs and ensures your budget aligns with the funding agency’s requirements. A clear, accurate cost volume can improve your chances of winning an award.
Q4: What are common mistakes when preparing an STTR cost volume?
Common mistakes include underestimating indirect costs, misclassifying expenses, omitting required documentation, and failing to justify budget items. Using a fillable cost volume builder can help avoid these errors.
Q5: How do I calculate indirect costs for my STTR proposal?
Indirect costs cover expenses not directly tied to a specific project (like facilities or admin support). Most agencies allow a certain percentage, but always check the solicitation for limits and required documentation.
Q6: Can I include subcontractors or consultants in my STTR budget?
Yes, subcontractors and consultants are often a key part of STTR projects. Make sure to clearly outline their roles, provide justification, and include their costs in the appropriate sections.
Q7: Where can I find templates or tools to help with my STTR cost volume?
You can download free and premium STTR cost volume templates and walkthroughs right here on Intrepid Gov Proposals, designed to save you time and reduce errors.
Q8: What’s the difference between SBIR and STTR cost volumes?
While both programs require detailed cost volumes, STTR proposals typically involve formal collaboration with a research institution, which must be reflected in the budget allocation.
Q9: How long does it take to prepare an STTR cost volume?
With the right tools and preparation, you can build a compliant cost volume in as little as 10-30 minutes. However, gathering documentation and ensuring accuracy may take longer for first-time applicants.
