This program is ideal for businesses like yours that are focused on developing innovative technologies that can significantly impact biomedical research. By applying, you stand to gain essential funding for your projects. This isn’t just financial support; it’s an opportunity to turn your ideas into functional prototypes, whether it's a new instrument, method, or biological product.

Key benefits include:

• Flexibility in funding: You can utilize resources for everything from early feasibility studies to fully functional prototypes over a manageable three to five-year timeline.
• No revenue or employee limitations: This program is open to businesses of any size and structure, making it accessible for you.
• Support for technical innovation: If you've already demonstrated proof of principle but face remaining challenges, this funding can help you navigate those complexities and bring your project to fruition.

With this backing, you can enhance your project's potential for success and make a meaningful contribution to the biomedical field. Don't miss out on this excellent chance to advance your ideas.

Type of Financing
This program offers a grant. Grants do not require repayment, which means it's free money to support your project.

Repayment Terms and Interest Rates
There are no repayment terms or interest rates associated with this grant, making it a straightforward financial boost for your business.

Eligible Expenses
Funds can be used for expenses related to the development of prototypes, innovative methods, synthetic approaches, and biological products that align with your project’s goals. These costs must be justified as essential for technical innovation and future biomedical impact.

Restrictions on Use of Funds
The funds cannot be used for applying the technology to specific biomedical questions or projects focused on optimizing established technology. Additionally, any expenses outside the outlined eligible categories are not covered.

Fees
There are no application or associated fees with this program, so you can focus on your project without worrying about hidden costs.

• Location: Available across the country.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum number of 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:

• Projects focusing on optimization, hardening, or obvious extrapolations of established technology may be considered less competitive.

This program is designed to help you develop innovative technologies that can advance biomedical research. If your project focuses on creating functional prototypes—like instruments or methods—this is a chance for you to secure funding. The projects need to demonstrate technical innovation and the potential for significant biomedical impact.

You can utilize this funding for various aspects of development, starting from early feasibility studies to creating fully functional prototypes. Projects with proven ideas that still face technical challenges are particularly welcome. Depending on your project, the funding can be structured over a period of three to five years, which allows ample time to address any risks and refine your technology.

With no minimum revenue or employee requirements, this program is inclusive and can benefit businesses of all sizes. This is an opportunity to bring your ideas to life while making a difference in the biomedical field. Take advantage of the support available to enhance your project's potential for success.