Grant Details

General Overview

Grant Name and Funding Organization

Small Business Transition Grant for New Entrepreneurs

National Institutes of Health (NIH)

Total Funding Amount and Duration

Phase I awards may not exceed $306,872.

Phase II awards may not exceed $2,045,816.

Award periods normally may not exceed 1 year for Phase I and 2 years for Phase II.

Primary Objective and Mission Statement

To support early-career scientists transitioning to entrepreneurship.

To foster entrepreneurial development and conduct research and development.

Key Stakeholders and Beneficiaries

Early-career scientists and health professionals.

Small business concerns (SBCs).

Funding Source and Type

Funded by the National Institutes of Health (NIH).

Type: Grant (R41/R42 STTR).

Grant Frequency

Recurring grant opportunity with multiple application deadlines.

Organizational Aspects

Eligible Organization Types

Only United States small business concerns (SBCs) are eligible.

Specific Qualifications and Certifications Needed

Must propose clinical trials as part of the application.

Geographic Location Requirements

Must be based in the United States.

Organizational Size and Capacity Requirements

SBCs must have not more than 500 employees.

Track Record and Experience Requirements

PDs/PIs should have limited entrepreneurial and independent research leadership experience.

Inclusivity and Diversity Considerations

Encourages participation from diverse backgrounds.

Scope and Focus

Primary Focus Areas and Priorities

Support for research and development efforts.

Entrepreneurial training and mentorship.

Target Beneficiaries and Stakeholders

Early-career scientists and health professionals.

Expected Outcomes and Deliverables

Successful transition of scientists into entrepreneurial roles.

Development of promising technologies and products.

Technical Details

Technical Expertise Requirements

PDs/PIs should possess research skills and experience in scientific discovery or technology development.

Mentorship Requirements

Applications must identify at least one mentor with extensive entrepreneurial experience.

Financial Structure

Budget Range and Limitations

Phase I: Up to $306,872.

Phase II: Up to $2,045,816.

Timeline and Implementation

Application Deadlines

Open Date: August 05, 2024.

Multiple application deadlines through 2027.

Compliance and Requirements

Regulatory Compliance Requirements

Must comply with NIH Grants Policy Statement.

Application Process

Required Documentation and Materials

Career development plan for the PD/PI is required.

Grant Details

small business entrepreneurship healthcare research clinical trials mentorship technology development biomedical innovation
Small Business Transition Grant for New Entrepreneurs
PAR-24-134
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)
SME STARTUP
US
HEALTHCARE TECHNOLOGY
DEVELOPMENT
251-500
SDG3
FUNDING MENTORSHIP TRAINING_EDUCATION
None
2045816.00
306872.00
2045816.00
USD
100.00
April 6, 2027, 10 p.m.
Not specified