US Secretary of Energy, Rick Perry recently announced the Department of Energy (DOE)
will award 263 grants totaling $116 million to 184 small businesses in 40 states.
Funded through DOE's Small Business Innovation Research (SBIR)
and Small Business Technology Transfer (STTR)
programs, the department said the selections are for both Phase I and II research and development.
Additional details were highlighted by the department in a press release: There are 174 Phase I grants which will allow small businesses to research technical feasibility of new innovations that advance the department's mission. Phase I grants are 6-12 months in duration with a median award amount of $150,000. In addition, 89 Phase II grants will go to prior Phase I grantees to allow them to develop novel prototypes or processes to validate their Phase I research findings. Up to 2 years in duration, Phase II grants have a median award amount of $1 million.
NECA members routinely show how small businesses play a major role in driving innovation, creating jobs, and growing the U.S. economy. The SBIR and STTR programs were created by Congress to leverage small businesses to advance innovation at federal agencies. Additional information on the DOE SBIR and STTR programs is available here »
More information about the projects announced this month is available here »