The Small Business Innovation Research (SBIR) program was established in 1982 in response to a decline in United States (US) research and development (R&D) productivity. The SBIR program aims to provide small businesses an avenue to commercialize products and services. The SBIR program is structured into three phases: Phase I–6-month Concept Development phase; Phase II–2-year Prototype Development phase, and Phase III–Commercialization phase where small businesses pursue commercialization objects with non-SBIR program funding. The purpose of the SBIR program is to provide small businesses with funding assistance for innovative ideas with commercialization potential. Prior research employs only logistic regression models and investigates the success factors that contribute to SBIR Phase III success using: NIH SBIR data, Navy SBIR data, and National Aeronautics and Space Administration (NASA) SBIR data.