Friday, February 26, 2016
Small Business Grants Up To $100,000 Each Available For Small Companies Developing New Technology
Qualifying businesses may choose several Federal Funding Opportunity (FFO) areas, including cyber physical systems, advanced sensing for manufacturing, biomanufacturing, cryptography, lab-to-market projects, and quantum-based sensors and measurements. The National Institute of Standards and Technology (NIST) Small Business Innovation Research (SBIR) program encourages domestic small businesses to engage in federally funded R&D opportunities that have the potential for commercialization.
The “Phase I” FFO will close on April 14, 2016. Start-ups or growing businesses are encouraged to apply; even one-person businesses may apply for a grant. Priority will be given to projects with energy efficient or renewable energy systems, and manufacturing-related projects.
SBIR was established in 1982 and requires federal agencies with research and development budgets over $100 million to allocate 2.8 percent of that amount to fund small businesses.
To read more, visit fedscoop.com/nist-opens-annual-grant-application-for-small-business