This is an excellent chance for your business to make a difference while gaining substantial support. By applying for this program, you could receive research grants that can be used for developing innovative solutions for the U.S. Navy, Marine Corps, and the broader market. This is a unique opportunity to transform your ideas into reality and position your business as a key player in shaping future technologies.

What’s in it for you? Not only can this funding provide a boost to your business, but it also allows you to explore new technologies that may benefit your industry significantly. With no strict requirements on company size or revenue, it’s accessible for businesses at any stage. This program supports cutting-edge research which could elevate your business's profile and lead to exciting new ventures.

Participating means you’ll stand at the forefront of revolutionary advancements and have the potential to create solutions that matter. The ease of applying gives you a chance to engage without barriers that often come with traditional funding opportunities. This is an exciting path to enhance your business capabilities while contributing to impactful outcomes.

Type of Financing

This program offers a research grant. Grants do not need to be paid back, making them a great option for businesses looking to innovate without the financial burden of loans.

Repayment Terms & Interest Rates

Since this is a grant, there are no repayment terms and no interest rates involved. You receive the funding, and you can focus on developing your projects without worrying about extra costs later.

Eligible Expenses

Funds can be used for a variety of eligible expenses, including:

• Research and development costs
• Prototyping and testing
• Project-related materials and supplies
• Labor costs for personnel directly working on the project

Restrictions on Fund Usage

Keep in mind, funds cannot be used for:

• General operational expenses
• Marketing or advertising
• Purchase of real estate

Fees Associated with the Program

There are no fees associated with applying for or receiving this grant. You can access the funds without incurring additional costs.

• Location: Available across the country.
• Sectors: Open to all sectors.
• Minimum Employees: No minimum employee requirement.
• Maximum Employees: No maximum employee limit.
• Minimum Company Revenue: No minimum revenue requirement.
• Maximum Company Revenue: No maximum revenue limit.
• Legal Structure: Open to all legal structures.
• Profit Structure: Open to all profit structures.

Disqualifications:

• No specific disqualifications mentioned in the context.

This program offers you a chance to receive research grants aimed at developing new and innovative solutions for the U.S. Navy, Marine Corps, and the larger market. By participating, your business could play a vital role in creating technology that can lead to significant advancements.

The funding can be used for research and development, helping you turn your ideas into reality. This can provide a boost to your business, enabling you to explore new technologies and capabilities that could become game-changers in your industry.

There are no strict requirements regarding company size, revenue, or legal structure, which means it’s open to businesses like yours, regardless of your specific situation. This is a valuable opportunity to contribute to something impactful while also enhancing your business's prospects.