If your small business is focused on innovative health solutions, this program could be your key to securing funding for clinical trials. You can receive financial support to conduct investigator-initiated studies that align with NIAID's mission. This opportunity allows you to explore novel hypotheses, pursue groundbreaking research, and potentially offer new treatments to the market without the burden of expected costs.

This funding is specially designed for hypothesis-driven and milestone-driven clinical trials, which means you can tackle high-risk studies that involve unique features like non-routine interventions or unlicensed products. There are no specific revenue or employee requirements, making this program accessible to a wide range of businesses. Most importantly, since there’s no set payback period, you can focus more on your trial and less on financial pressures.

Applying to this program not only supports your research but also helps elevate your business in the health sector. With secure funding, you'll have the ability to pave the way for significant advancements, ultimately benefiting both your company and the broader community.

Type of Financing

This program offers grants specifically designed for small businesses conducting high-risk clinical trials. Unlike loans, grants do not need to be repaid, which means you can focus on your research without worrying about monthly payments or interest rates.

Repayment Terms and Eligible Expenses

There are no repayment terms or interest rates associated with these grants. You can use the funds for a variety of eligible expenses, including:

• Personnel costs
• Equipment and supplies needed for the trials
• Patient recruitment and enrollment
• Data management and analysis

Usage Restrictions and Fees

While these funds can cover many expenses, they cannot be used for marketing, administrative costs unrelated to the trial, or any activities that don't align with the grant's purpose. As for fees, this program does not impose any upfront fees or hidden costs. You get the support you need without worrying about extra charges.

• Must be a small business concern (SBC).
• No minimum or maximum employee requirements.
• No minimum or maximum revenue qualifications.
• All legal structures are applicable (e.g., LLC, corporation, etc.).
• All profit structures are applicable (e.g., for-profit, non-profit).
• Must propose to implement investigator-initiated clinical trials related to the research mission of the NIAID.
• Encouraged to conduct high-risk clinical trials with unique features (e.g., non-routine interventions, unlicensed products, etc.).

Disqualifications:

• N/A (No specific disqualifications mentioned in the context).

If you're running a small business focused on innovative health solutions, this program offers a fantastic opportunity for funding clinical trials. You can receive financial support to conduct investigator-initiated studies that align with the research mission of NIAID. This means you have the chance to explore novel hypotheses and make significant advancements in your field without worrying about the expected costs.

The funding is designed for hypothesis-driven and milestone-driven trials, allowing you to tackle high-risk studies with unique features. This includes non-routine interventions and the use of unlicensed products. What this means for you is that you can explore groundbreaking ideas and potentially bring new treatments to the market, all backed by this funding.

You don’t have to meet specific employee numbers or revenue criteria to qualify, which makes this program accessible to many businesses. There’s also no set payback period, giving you more flexibility to focus on your trial rather than immediate financial pressures. Overall, this program can be a powerful tool to boost your business and contribute to important health research.