This program is tailor-made for businesses like yours, looking to tap into innovation and growth. By applying, you gain access to funding that can enhance your capacity and resources, allowing you to pursue innovative projects more effectively. As you collaborate with academic institutions and other organizations, you’ll be part of an inclusive ecosystem that fosters new ideas and practical applications. This means the potential for faster advancements and improvements in your business operations.

What sets this program apart is its flexibility. There are no strict revenue or employee requirements, making it accessible regardless of your business size. You don’t need to worry about repayment, allowing you to focus on growth without financial stress. Being approved for this initiative can significantly strengthen your partnerships and expand your network, putting your business in a prime position to innovate and thrive.

In short, applying for this program gives you the chance to elevate your business through collaboration and access to invaluable resources. This is an opportunity to be part of something bigger while driving your own growth in the process.

Type of Financing
This program offers grant funding. Grants do not require repayment, allowing you to use the funds without worrying about future debt.

Repayment Terms and Interest Rates
Since this is a grant program, there are no repayment terms or interest rates involved. You will receive funds to support your innovation efforts without any obligation to pay it back.

Eligible Expenses
You can use the grant funding for various capacity-building efforts, including:

• Supporting research initiatives.
• Expanding partnerships and collaborations.
• Upgrading infrastructure to enhance research capabilities.
• Hiring skilled personnel for project implementation.

Restrictions on Use of Funds
Funds cannot be used for:

• Personal expenses unrelated to your organization's growth.
• Profit-making activities.
• Any form of debt repayment.

Fees Associated with the Program
There are no fees associated with applying for or receiving the grant funding.

• Eligible Institutions:

  • Minority-Serving Institutions (MSIs)
  • Predominantly Undergraduate Institutions (PUIs)
  • Two-year institutions

• Research Capacity:

  • Institutions must have limited or no research capacity.

• Location:

  • Available to businesses located across the country.

• Employee Requirements:

  • No minimum or maximum number of employees required.

• Revenue Requirements:

  • No minimum or maximum company revenue qualifications.

• Legal Structure:

  • All legal structures are applicable.

• Profit Structure:

  • All profit structures are applicable.

Disqualifications:

• Businesses that are not MSIs, PUIs, or two-year institutions.
• Businesses with established research capacity.

This program is designed to boost innovation in key technological areas like artificial intelligence, biotechnology, and advanced manufacturing. By supporting partnerships between higher education institutions and diverse organizations, it aims to create a more inclusive environment for research and development. This is a unique opportunity for your business to be part of a collaborative ecosystem that fosters new ideas and practical applications.

You could receive funding that helps build capacity and strengthen your partnerships. This means more resources and support to engage in innovative projects that can grow your business. The funding is flexible and can be tailored to meet your needs in enhancing your business capabilities.

With no strict revenue or employee requirements, this program is open to businesses of all sizes. You don’t have to worry about payback periods or minimum thresholds. This initiative provides a chance to elevate your business by participating in collective innovative efforts, ensuring that you can contribute your expertise and gain from shared knowledge in this dynamic landscape.