Grant name: Small Business Transition Grant for New Entrepreneurs
Funding organization: National Institutes of Health (NIH)
Total funding amount: Up to $306,872 for Phase I
Duration: Typically 1 year for Phase I
Primary objective: Support early-career scientists transitioning to entrepreneurship
Key stakeholders: Early-career scientists, small business concerns (SBCs)
Funding source: Federal government
Funding type: Grant
Significance: Addresses the gap in entrepreneurial training for scientists
Grant frequency: Recurring
Eligible organization types: Small business concerns (SBCs)
Specific qualifications: Early-career scientists, engineers, health professionals
Geographic location requirements: Must be based in the United States
Track record: Limited entrepreneurial experience required
Partnership requirements: At least one mentor must be identified
Primary focus areas: Entrepreneurial training, research and development
Target beneficiaries: Early-career scientists transitioning to entrepreneurship
Geographic coverage: United States
Expected outcomes: Development of promising technologies and products
Sustainability expectations: Focus on commercialization of developed technologies
Technical expertise: Research skills in scientific discovery or technology development
Mentorship: Required from experienced entrepreneurs
Quality standards: Must align with NIH mission and objectives
Budget range: Up to $306,872 for Phase I
Eligible costs: Direct costs, indirect costs, and fees
Matching fund requirements: Not specified
Payment schedule: Not specified
Application deadlines: August 05, 2024; January 05, 2025; April 05, 2025; September 05, 2025; January 05, 2026; April 05, 2026; September 05, 2026; January 05, 2027; April 05, 2027
Grant duration: Typically 1 year for Phase I
Reporting schedule: Not specified
Regulatory compliance: Must adhere to NIH Grants Policy Statement
Data protection: Must comply with applicable data protection regulations
Required documentation: Career development plan, mentorship support
Application procedure: Submit through Grants.gov
Evaluation criteria: Scientific merit, entrepreneurial training, mentorship
Mentorship is a primary criterion for application
Focus on entrepreneurial training and career development