This program is designed specifically for organizations like yours in the biomedical sector. By participating, you can access valuable funding that will support your initiatives in developing effective training strategies for master's students. The program also focuses on increasing diversity in the biomedical research workforce, allowing you to make a significant impact while contributing to a more skilled and varied community.

Collaborating with other organizations is essential for success. You'll partner with at least one institution offering a master's degree and another providing Ph.D. training. This cooperation can expand your professional network and inspire innovation within your team. Additionally, the resources available through the program can help you develop mentorship and career development opportunities, enhancing the overall educational experience and benefiting your organization in the long run.

Applying is straightforward and tailored for entities across all sectors. With no strict revenue or employee requirements, it offers a unique opportunity for businesses to align with the growing need for a well-trained biomedical workforce. You can foster significant change while gaining additional support for your organization's mission—definitely a win-win situation!

Type of Financing

This program offers grants to eligible organizations. Grants do not need to be repaid, making them an excellent choice for funding your biomedical research training initiatives.

Repayment Terms and Interest Rates

Since this is a grant, there are no repayment terms or interest rates to worry about. This means you can focus entirely on your program without the stress of making repayments in the future.

Eligible Expenses

Funds can be used for a variety of expenses, including:

• Research training program development
• Mentoring activities
• Outreach and recruitment efforts aimed at underrepresented groups
• Didactic, research, and career development elements that prepare trainees

However, the funds cannot be used for:

• General operational costs outside of the program activities
• Construction or major renovation of facilities

Fees Associated with the Program

There are no fees associated with applying for or receiving these grants. This makes it a straightforward and valuable funding option for your organization.

• Must partner with at least two postsecondary educational organizations:

  • Masters Training Organization:
    • Offers a master's degree in biomedical-related research, or
    • Is a Historically Black College or University (HBCU) or a Tribally Controlled College or University (TCCU), including those offering biomedical Ph.Ds.
  • Ph.D.-Training Organization:
    • Grants its own biomedical Ph.Ds.

• Location:

  • Available across the country.

• Employees:

  • No minimum or maximum employees required.

• Company Revenue:

  • No minimum or maximum revenue qualifications.

• Legal Structure:

  • All legal structures are applicable.

• Profit Structure:

  • All profit structures are applicable.

Disqualifications:

• There are no specific disqualifications mentioned in the context.

This program is designed to increase participation in the biomedical research field. It aims to improve training environments for master's students, helping them transition into Ph.D. programs. By engaging in this program, you can access valuable funding to support your organization’s initiatives in developing and implementing effective training strategies.

The funding is not limited to specific sectors, which means your business can thrive no matter where you operate. This support will help you create mentorship programs, offer research opportunities, and enhance career development that can make a lasting impact on health-related research. In turn, this will help build a more diverse and skilled biomedical workforce.

Collaboration is key in this program. You will need to partner with at least one other organization that offers a master's degree and another that provides Ph.D. training. This partnership can foster innovation and expand your network, connecting you with other educational institutions that share similar goals. Overall, this program is a fantastic chance for your business to contribute to a vital sector while also benefiting from the resources available.