“What is the budget cap for an investigator-initiated small business grant application?”

Total funding support (i.e., direct costs, facilities and administrative costs, and fee) for investigator-initiated small business grant applications normally may not exceed $295,924 for Phase I awards and $1,972,828 for Phase II awards. Waivers are available depending on the circumstance. Read the November 1, 2022 Guide notice for additional details. Refer also to our prior year’s coverage, “Updated Budget Guidance for Investigator-Initiated Small Business Grants,” for a general explanation of waivers.