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10-26. During an entrepreneurship class for final-year students, one of the students made a presentation on a biodiesel tech- nology that may bring down

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10-26. During an entrepreneurship class for final-year students, one of the students made a presentation on a biodiesel tech- nology that may bring down the cost of a manufacturing firm by half. You feel that this student could propose her idea to the government and other private agencies if she had the funding, as the technol- ogy has the potential to be developed into a successful product. As her lecturer, advise her on the SBIR Program, the three phases, and with the amount of funding available for each phase.

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