This program is designed specifically for businesses looking to expand their existing projects. If you have a current initiative that you want to develop further, this is your chance to secure the funding needed to fuel that growth. The flexibility in available funding encourages you to align your project goals with the specific needs outlined by the NIH.

One of the standout features is that there are no restrictions on the size of your business—whether you’re a small startup or a larger organization, you can take advantage of this opportunity. Plus, with no strict payback terms, you can focus on enhancing your research or programs without financial worry. This support allows you to increase your impact and innovation in your field, positioning your business for greater success.

The application process is straightforward and directly relates to the specific Notice of Special Interest issued by NIH. By submitting your project for consideration, you’re taking a proactive step toward securing essential funding that aligns with your business goals. Don’t miss this opportunity to elevate your project; the potential benefits are significant.

Type of Financing

The financing offered is primarily in the form of grants. This means you do not need to pay it back, as long as you use the funds for the approved purposes outlined in your application.

Repayment Terms and Fees

Since this is a grant, there are no repayment terms or interest rates. You receive the funds to support your project without worrying about future repayments. However, please note that while there are generally no fees associated with receiving the grant, it’s always wise to review specific conditions tied to your award.

Eligible and Ineligible Expenses

You can use the funds for a variety of expenses related to the expansion of your existing projects and programs. This typically includes costs for research materials, personnel, and other project-related activities. However, the grant cannot be used for unrelated business expenses or as salary support for existing staff without an explicit connection to the project. Be sure to check the specific guidelines to understand all eligible and ineligible expenses.

This program offers a chance for your business to secure funding to expand your existing projects. If you have a project that you want to develop further, you can apply for funds specifically aimed at supporting these kinds of revisions. The application process focuses on responding to a specialized Notice of Special Interest, which lets you align your project goals with the needs outlined by the National Institutes of Health (NIH).

The amount of funding available is not limited, allowing for flexibility based on your project's needs. You can use this funding to enhance your research or programs further, thus potentially increasing your impact in your field. All sectors are eligible, so whether you're operating in healthcare, technology, or another area, this is an opportunity to boost your existing work significantly.

There are no strict limits on the size of your business, either in terms of revenue or number of employees. This means that both small and large businesses can benefit from this program. The focus is on expanding your current initiatives without the burden of strict payback terms, making it a valuable way to support your project's growth and success.