We understand that developing clinical-grade devices to treat pain is a significant venture. This program is crafted for businesses like yours, focusing on safe, effective, and non-addictive technologies. With this funding, you have the chance to transform your innovative ideas into prototypes that can lead to real-world solutions for pain management.

Why should you apply? Here are some key benefits:

• Financial backing to refine your technology and overcome challenges that might delay your entry to market.
• Opportunity to prepare your devices for first in human (FIH) clinical trials, bringing you closer to making a tangible impact.
• Contribute to advancements in pain management, making your work not only profitable but also truly meaningful.

This program is a golden opportunity to ensure you're fully equipped to take your project to the next level. You don’t have to navigate the complexities alone; the support you receive can be the difference in realizing your vision.

Type of Financing

This program offers grants to support the development of clinical-grade prototypes. These are non-repayable funds, meaning you won't have to pay them back as long as you use them for the intended purposes.

Eligible Expenses

You can use the funds for expenses related to:

• Technology development and optimization.
• Studies needed to prepare for approvals for human use.
• Costs associated with creating prototypes for device-based technologies that address pain treatment.

Restrictions and Fees

The funds cannot be used for:

• Non-research related activities.
• General administrative costs not tied specifically to the project.

There are no fees associated with applying for or receiving this grant, making it a straightforward opportunity for your business to access necessary funds.

• 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: No disqualifications mentioned in the provided context.

This program supports the development of clinical-grade devices designed to treat pain using safe, effective, and non-addictive technologies. It’s all about turning innovative ideas into real products that can help people manage pain without the risks associated with traditional treatments. You can secure funding to create prototypes of these devices, moving them toward human trials.

Through this initiative, you can address key challenges that stand in the way of getting your device to market. The funding allows you to focus on refining your technology and preparing for necessary approvals, ensuring you're ready to take the next steps confidently.

Overall, this program represents a significant opportunity for your business. It provides the financial backing to advance your ideas while contributing to vital advancements in pain management—making your work not just profitable, but impactful as well.