The Department of Defense has a program that can offer your business up to $1.5 million in funding for research and development. This financial support allows you to enhance your research capabilities and align your projects with the needs of the Department. With funding available for two years, it provides you with ample time to plan, execute, and expand your projects effectively.

What’s in it for you? This program focuses on creating long-term growth opportunities for gaining federally awarded financial assistance, meaning your business can position itself to compete effectively in the market. Additionally, the program is designed to be accessible to all sectors, allowing you to innovate without the burden of complicated qualification criteria.

By applying for this grant, you’re taking a significant step toward boosting your competitive edge and ensuring your research can thrive. With no restrictions on employee count or revenue, this is an excellent chance to channel your ideas into impactful research that benefits both your business and the defense sector.

Type of Financing
The funding is provided in the form of grants. You could receive up to $1.5 million in total for your project, with a maximum of $750,000 available each year for two years.

Repayment Terms and Interest Rates
There are no repayment terms or interest rates associated with these grants. This means you won’t have to pay the funds back, making it a risk-free option for expanding your research capabilities.

Eligible Expenses
Funding can be used for various expenses related to science and engineering research. This includes costs for equipment, staffing, and materials directly needed for the projects.

Restrictions on Fund Usage
The funds cannot be used for unrelated research expenses or activities that do not align with the objectives of the Department of Defense.

Fees
There are no additional fees associated with this program. You receive the funds directly to support your endeavors without hidden costs.

• Eligible Locations: Must be based in specific States and Territories eligible for the DEPSCoR program.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum number of employees required.
• Company Revenue: No minimum or maximum revenue qualifications required.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• There are no specific disqualifications mentioned in the provided context.

The Department of Defense has a program that can offer your business up to $1.5 million in funding. This money is designed to support research and development that aligns with the Department's needs. You can use these funds to enhance your research capabilities and expand your projects related to science and engineering.

Funding is available for two years, allowing you to plan and execute your research effectively. The program is geared toward creating long-term opportunities for growth in federally awarded financial assistance, making it a sound investment for your business. This could be a significant step forward in increasing your competitive edge in the market.

This program is open to all sectors and does not restrict employee count, revenue, or legal structure. This means you can focus on innovation and development without worrying about meeting complicated criteria. Your ideas and research can thrive with this support, so take note of this valuable opportunity for your business.