Small business innovation research and technology transfer programs
11 participating government agencies
This includes NIH which has 27 participating centers.
$700m set aside annually at NIH
Portfolio areas include from digital health to novel technologies for un-druggable treatments
Not a loan – seed funding
It stimulates innovation in areas of need
3 phases:
1. Conceptual
2. Development
3. Commercialization
Proof of concept = $150k for 6 months
Up to $2m for phase 2 projects
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