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For SBIR proposals, is it necessary to have a functional company with infrastructure or registration is enough


Currently, we have registered the company but have no infrastructure or actual operations since we have been seeking the seed capital to start the operations.
We are planning to submit a grant proposal for SBIR funding. Our question is, for SBIR proposals, is it necessary to have already a functional company with infrastructure or mere registration will be enough while submitting the grant proposal?
Your thoughts/advice/comments will be highly appreciated.
Thanks in advance.
Ron, N.

Ron,

I would suggest having a functional company with infrastructre before submitting a grant proposal for SBIR. It'll work out better for you.

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