This program offers an incredible chance for businesses like yours to tap into small-scale grants that support essential research projects. By participating, you’ll not only enhance the research environment at your institution but also provide students with valuable experiences that could shape their careers. If your institution has been looking to grow and innovate but has limited NIH support, this is a perfect fit.

With the funding provided, you can kickstart new research initiatives or improve your facilities, all while making meaningful contributions to the biomedical and behavioral research fields. The best part? These grants come with no repayment obligation, allowing you to direct your efforts towards innovation and growth freely. This program could be the catalyst your business needs to truly make a difference and engage the next generation of scientists.

The financing provided is in the form of grants. These funds do not need to be repaid, making them a great option for your projects. Grants are awarded to support small-scale research initiatives proposed by faculty members of eligible institutions.

Repayment Terms and Interest Rates

Since these are grants, there is no repayment term and no interest rates to worry about. You receive the funds to conduct your research without the burden of repayment.

Eligible Expenses

The funds can be used for:

• Personnel costs (salaries for researchers and support staff)
• Research supplies and materials
• Equipment purchase rent
• Travel expenses related to research activities

Restrictions on Funds

However, funds cannot be used for:

• Costs unrelated to research activities
• Indirect costs or overhead expenses unrelated to specific projects
• Any personal or business expenses not connected to the research

Fees Associated with the Program

There are no fees required to apply for or receive the grant. This means you can use all the funds you receive directly for your research needs.

• Must be a domestic institution that provides baccalaureate or advanced degrees in health professions.
• Must have received less than $6 million per year of NIH support (total costs) in 4 of the last 7 fiscal years.
• No minimum number of employees required.
• No maximum number of employees required.
• No minimum revenue qualifications.
• No maximum revenue qualifications.
• All legal structures are applicable.
• All profit structures are applicable.

Disqualifications:

• Must not be a component of a university system; it must be a stand-alone entity.

The Research Enhancement Award Program focuses on boosting research at institutions that train future scientists. Your business can benefit from small-scale grants that support various research projects. These projects are designed to enhance the learning environment and provide valuable experiences for students engaged in research.

You can utilize the funds for a range of purposes, including funding new research initiatives or improving your facilities. This is a unique chance for you to get involved in contributions to the biomedical and behavioral research field without the need for extensive prior funding from NIH.

Keep in mind that the grants are aimed at institutions that haven't heavily relied on NIH funding in the past. You’ll help create a robust research environment while guiding the next generation of scientists. This program is not tied to a repayment obligation, allowing you to focus on innovation and growth. Your business can genuinely make a difference and grow with this opportunity.