You have a unique chance to secure funding between $200,000 and $250,000 for your business. This program allows you to advance your research and development (R&D) efforts, turning your innovative ideas into tangible results. With no repayment required, you can focus on growing your business without the stress of immediate financial obligations.

What’s in it for you? Not only do you gain access to crucial funds, but also the potential to secure follow-up Phase II support after succeeding in Phase I. This is an opportunity to prove the scientific or technical feasibility of your project, enhancing your prospects for future growth and funding. By participating, you also support diverse business representation, with encouragement for women-owned and minority-owned businesses.

Qualifying for this program is simpler than you might think. It's designed to be accessible to all sectors and is a stepping stone to impacting your community while growing your enterprise. Take advantage of the chance to elevate your business with this vital financial support.

Type of Financing
This program offers grants specifically designed for small businesses. The maximum award size is $200,000 or $250,000, based on the specific topic. These grants do not require repayment, which means you can use the funds without worrying about interest rates or repayment terms.

Eligible Expenses
The funding can be used for research and development (R&D) activities that demonstrate technical merit and feasibility. This includes costs associated with labor, materials, and equipment needed to evaluate innovative concepts that have potential commercial applications.

Restrictions and Fees
Funds cannot be used for basic science projects or demonstration projects. Additionally, there are no fees associated with applying for or receiving these grants, making it an attractive option for your business.

• Must be a small business.
• Available nationwide across the country.
• Eligible for all sectors.
• Owned by any group (encouragement for women-owned and minority-owned businesses).
• No minimum number of employees required.
• No maximum number of employees required.
• No minimum revenue qualifications.
• No maximum revenue qualifications.
• All legal structures are applicable.
• All profit structures are applicable.

Disqualifications:

• Businesses that do not meet the small business criteria.
• Projects that focus on basic science or demonstration projects are not supported.

This program offers a great opportunity for your business to receive funding between $200,000 and $250,000, depending on specific topics related to your project. These funds can be a game-changer, as you can use them for research and development (R&D) to validate your innovative ideas and technologies. You can complete your project within 12 months, providing crucial support in the early stages of your business growth.

One of the most appealing aspects is that this funding does not require payback. That means you can focus on advancing your ideas without worrying about immediate repayment. The program encourages participation from all sectors, especially aiming to support women-owned and minority-owned businesses. This is more than just funding; it's a chance to transform your ideas into tangible results that can contribute to the economic and social fabric of your community.

By securing this grant, you position your business for potential follow-up funding in the future. Success in the Phase I stage can open doors to Phase II support, enabling you to further develop your ideas. This could be your moment to shine and turn your innovative concepts into reality.