If Brainchip and partners in the space area are successful then this is what it brings with it and I quote
“
In addition to SBIR Data Rights, Phase III status brings with it:
- the right to sole-source contracts;
- exemption from SBA size standards for a procurement;
- no limits on the dollar size of a Phase III procurement;
- a right to the Phase III mandate, by which the SBIR firm has a right to be awarded a future Phase III award to the greatest extent practicable;
- the right to receive subcontracts for Phase III work on a sole-source basis; and
- the ability to pursue research, research and development, services, products, production, or any combination of those under a Phase III.”
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