What is R&D?
America’s Seed Fund powered by the NSF requires that small businesses use the funding they receive in Phase I and Phase II for R&D. The goal of the small business’s project should be to determine the scientific and technical feasibility of a new concept or innovation that could be developed into new products, processes, or services. Research and development supported by the NSF’s program can be:
A systematic, intensive study directed toward greater knowledge or understanding of the subject studied;
A systematic study directed specifically toward applying new knowledge to meet a recognized need; or
A systematic application of knowledge toward the production of useful materials, devices, and systems or methods, including design, development, and improvement of prototypes and new processes to meet specific requirements.