This program is tailor-made for businesses like yours that are ready to tackle complex problems through innovative solutions. By applying, you could access substantial funding up to $1,200,000 in Phase I and $2,400,000 in Phase II to support groundbreaking projects. These funds can help you collaborate with experts from different disciplines, fostering new partnerships that can lead to transformative technologies or methods. This is a chance to not only advance your own projects but also make a significant impact on societal challenges.

With funding available for two years initially, you'll have the opportunity to demonstrate exceptional progress and potentially secure up to three additional years of support. This approach allows for sustained innovation without the constant pressure of reapplying for funds. Joining this program means you can develop novel solutions while contributing to the broader scientific community. Plus, the lack of minimum revenue or employee requirements means this program is accessible to a wide range of businesses.

In short, applying for this program is a strategic move for your business. It’s a pathway to unlock financial resources that can help you grow, innovate, and address key issues in your industry. Don't miss this opportunity to make a meaningful difference while expanding your reach and capabilities.

Type of Financing
The financing offered is a grant. This means you don’t have to pay it back, which is a huge advantage for your business.

Repayment Terms and Budget

• Phase I Funding: Up to $1,200,000 for the first two years.
• Phase II Funding: If you meet expectations, you may receive up to $2,400,000 for the following three years.
• There are no interest rates, since grants don’t require repayment.

Eligible and Ineligible Expenses

• Eligible Expenses: Use these funds for research-related costs, such as personnel, equipment, and materials that support the convergence research initiative.
• Ineligible Expenses: The funds cannot be used for indirect costs or unrelated activities outside the scope of your research project.

Fees
No fees are associated with applying for or receiving the grant, making this program an accessible option for your business.

• Location: Available across the country.
• Sector: All sectors are eligible.
• Employees: No minimum or maximum employee requirement.
• Company Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications: None mentioned.

This program is designed to support convergence research, which combines knowledge from different fields to address complex societal and scientific challenges. By receiving funds through this program, your business can access up to $1,200,000 in Phase I and up to $2,400,000 in Phase II. This funding can be used for innovative projects that require collaboration across various disciplines to create effective solutions.

The funds are structured in two phases. You will receive funding for the first two years, with an evaluation to assess progress. If your project shows exceptional results, you could qualify for additional funding for the following three years. This program offers a unique chance to deepen partnerships, foster new research methods, and potentially transform scientific or societal outcomes.

By participating in this program, you can not only advance your projects but also make impactful contributions to pressing global issues. This is an opportunity to collaborate with experts from multiple fields and tackle challenges that resonate in your community and beyond.