This program offers a unique opportunity for your business to design and manufacture battery-powered atomic clocks that can dramatically enhance your product offerings. By developing technology that meets size, weight, power, and performance goals with a target price of less than $300 per unit, you could tap into a growing market for military applications, including navigation and surveillance. This not only addresses a critical need but also positions your company favorably for increased revenue.

You'll benefit from funding without strict payback periods, which allows you to focus on innovation and growth. With no limits on company size or revenue, this program is accessible for any business like yours. Taking part in this initiative means securing financial support for your technological advancements, giving you a competitive edge in a rapidly evolving marketplace.

Don't miss out on this chance to develop solutions that meet urgent needs while expanding your market potential. The combination of funding and the demand for reliable clock technology could be a game changer for your business.

Type of Financing

This program offers a technology investment agreement. This type of financing allows you to receive funds to conduct research and development, particularly in creating battery-powered atomic clocks.

Repayment Terms

There are no repayment terms specified for this financing. Therefore, you typically won't face interest rates or a repayment schedule as you would with a loan. This means you can focus on your project without the pressure of repayments.

Eligible Expenses

You can use the funds for various eligible expenses, including:

• Design and manufacturing costs of the atomic clocks.
• Research and development expenses.
• Costs associated with achieving the performance criteria.

Ineligible Expenses

It's important to note that funds cannot be used for:

• General operational costs not related to the project.
• Purchasing equipment or materials unrelated to the development of the atomic clocks.

Program Fees

Currently, there are no fees associated with this program. This is a great opportunity to access funding without worrying about additional costs.

• For-Profit Firm: Businesses must be for-profit entities.
• Legal Structure: All legal structures are applicable.
• Employee Count: No minimum or maximum employee requirements.
• Revenue: No minimum or maximum revenue qualifications.
• Location: The program is available across the country.
• Sector: All sectors are eligible to apply.

Disqualifications:

• Non-Profit Firms: Businesses must not be non-profit organizations.
• No Specific Requirement: No additional disqualifications mentioned.

This program offers you a unique chance to receive funding for creating battery-powered atomic clocks. These clocks must meet certain goals for size, weight, power, and performance, with a target selling price of less than $300 per unit in high volume. This could significantly enhance your business’s product lineup and open up new market opportunities.

You can use the funding for designing and manufacturing these atomic clocks, which are essential for many military applications, including navigation and surveillance. Current clock technology lacks the reliability needed in contested environments, which makes your innovative solution valuable. By developing a more affordable and efficient clock, you meet a critical need while potentially increasing your revenue.

There's no strict payback period mentioned, which suggests that your focus can be on growing your business and delivering a quality product. With no limitations on company size or revenue, this program is accessible to a wide range of businesses like yours. Take advantage of this support to advance your technology and market position.