Budget Overview

This document provides a detailed line-item budget justification for the proposed SBIR Phase I research project. The total budget request is $275,000 for a 12-month period of performance. All costs comply with 2 CFR 200 Subpart E.

Budget Summary by Category

Cost CategoryAmount% of Total
a. Personnel (Senior + Other)$110,00040.0%
b. Fringe Benefits$33,00012.0%
c. Equipment$22,0008.0%
d. Travel$22,0008.0%
e. Participant Support$13,7505.0%
f. Other Direct Costs$19,2507.0%
g. Contractual/Subcontracts$27,50010.0%
h. Indirect Costs$27,50010.0%
Total Budget Request$275,000100.0%

Personnel Costs

Total: $110,000 (40%)

Personnel costs are calculated based on current salary rates and percent effort dedicated to the proposed project.

Senior Personnel

  • PI / CEO — $40,000: Annual salary $80,000, 50% effort (6 person-months). Overall technical and administrative leadership.
  • Co-PI / CTO — $30,000: Annual salary $75,000, 40% effort (4.8 person-months). Technical development and system architecture.

Other Personnel

  • Lead Software Engineer — $21,000: Annual salary $70,000, 30% effort. Frontend/backend development and QA.
  • Data Scientist — $16,250: Annual salary $65,000, 25% effort. ML model development and statistical analysis.
  • Research Assistant — $2,750: Annual salary $27,500 (part-time), 10% effort. Participant recruitment and data collection.
Position% EffortAnnual SalaryAmount Charged
PI/CEO50%$80,000$40,000
Co-PI/CTO40%$75,000$30,000
Lead Engineer30%$70,000$21,000
Data Scientist25%$65,000$16,250
Research Assistant10%$27,500$2,750

Fringe Benefits

Total: $33,000 (12%)

Composite rate of 30% of total personnel costs ($110,000 x 30% = $33,000).

FICA (Social Security + Medicare)7.65% of salary
Health Insurance$500/month/employee (prorated)
Workers' Compensation1.2% of salary
Retirement Contribution3.0% of salary
Disability Insurance0.5% of salary
Unemployment Insurance2.1% of salary
Composite Fringe Rate30.0%
Total Fringe Benefits$33,000

Equipment

Total: $22,000 (8%)

  • Cloud Computing Infrastructure — $12,000: AWS/GCP services including PostgreSQL hosting, compute instances, API gateway, CDN, and storage for 12 months.
  • Testing Devices — $5,000: 5 iOS devices and 5 Android devices for cross-platform testing across the Expo React Native application.
  • Development Workstations — $5,000: 2 high-performance laptops for ML model training and development.

Travel

Total: $22,000 (8%)

  • Customer Discovery Trips — $10,000: 5 markets x $2,000 per trip (airfare, hotel, ground transport, meals).
  • Conference Presentations — $6,000: 2 conferences x $3,000 (ACM ITS 2027, IEEE ITSC 2027).
  • Program Officer Meetings — $3,000: 2 trips x $1,500 to funding agency headquarters.
  • Advisory Board Meeting — $3,000: 1 annual meeting with travel support for advisors.

Participant Support

Total: $13,750 (5%)

  • Driver Study Compensation — $12,500: 500 participants x $25 per study session (~3.5 hours total commitment).
  • Focus Group Materials — $1,250: 10 sessions (5 markets x 2) with refreshments, printed materials, and venue costs.
Note

Per NSF GPG Chapter II.C.2.g(v), no indirect costs are applied to participant support costs.

Other Direct Costs

Total: $19,250 (7%)

  • OpenAI GPT-5.2 API Costs — $8,000: API usage for 15 endpoints serving 500 participants over 9 months.
  • Google Cloud Translation API — $2,000: 12-language support for non-native English-speaking participants.
  • Stripe Processing Fees — $1,000: Payment processing for driver compensation and platform transactions.
  • Software Licenses — $3,000: GitHub Enterprise, Figma Pro, BrowserStack, Mixpanel, Sentry, Linear.
  • Publication Fees — $2,500: Open access fees for 2 peer-reviewed journal articles.
  • User Study Materials — $1,250: REDCap licensing, consent forms, data collection tools.
  • Domain & Hosting — $1,500: Domain registration, SSL, email hosting, CDN for byryde.com.

Contractual / Subcontracts

Total: $27,500 (10%)

  • University Research Partner — $20,000: Statistical analysis, co-authored publications, historical datasets. 2 faculty months + graduate assistant support.
  • Security Audit — $5,000: Third-party penetration testing and OWASP/SOC 2 compliance audit.
  • Legal Review — $2,500: CCPA/privacy law compliance review, consent forms, data sharing agreements.

Indirect Costs

Total: $27,500 (10%)

Calculated using the de minimis rate of 10% of Modified Total Direct Costs (MTDC) as permitted under 2 CFR 200.414(f).

Total Direct Costs$247,500
Less: Participant Support Costs($13,750)
Less: Equipment (items >$5,000)($0)
Less: Subcontract amounts >$25,000($2,500)
Modified Total Direct Costs (MTDC)$231,250
Indirect Cost Rate (de minimis)10%
Adjusted Indirect Costs$27,500

Cost Sharing / Match

While cost sharing is not required for SBIR Phase I, ByRyde voluntarily provides significant in-kind contributions:

In-Kind Contributions

Total in-kind value: $2,039,000+ (7.4:1 cost-sharing ratio)

Existing Platform Development$2,000,000+
Office Space & Utilities$24,000/year
Existing Equipment$15,000
Total In-Kind Value$2,039,000+

Compliance Statement

Federal Compliance

This budget justification has been prepared in accordance with 2 CFR 200 Subpart E and is subject to revision based on funding agency requirements, negotiated indirect cost rate agreements, and any modifications to the proposed scope of work.

Contact: investors@byryde.com | byryde.com