Commerce Department Awards $3.2 Million To Spur Small Business Innovation And Activity

The U.S. Commerce Department announced recently that 20 small businesses will receive $3.2 million in grants to spur American innovation and competitiveness through federally funded research and development from the National Institute of Standards and Technology (NIST).

The businesses, which range in size from one to 24 employees, will receive Phase I or Phase II funding through NIST’s Small Business Innovation Research (SBIR) program. The awardees are from 15 states and were competitively selected from proposals submitted in response to calls for innovative products to solve specific technology challenges in advanced manufacturing, climate change and clean energy, cyber-physical systems, health care, cybersecurity and technology transfer.

Phase I awardees receive up to $100,000 to establish the merit, feasibility and commercial potential of the proposed research and development. After completing their Phase I projects, awardees may vie for Phase II funding of up to $300,000 to continue their efforts. In Phase III, non-SBIR funds are used for commercialization of the technology.

To view the full list of grant awardees, click here.