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Department Of Energy Announces $100 Million Fund for Small Businesses in Innovation and Technology

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www.suppliertynews.com

The U.S. Department of Energy (DOE) has released its FY 2019 Phase II Release 2 Funding Opportunity Announcement (FOA) with approximately $100 million in available funds for its Small Business Technology Transfer (STTR) and Small Business Innovation Research (SBIR) programs.

U.S. Secretary of Energy Rick Perry said that as the backbone of the American economy, “providing small businesses with greater opportunities to enhance science and technology research and development strengthens the economic security for our entire country.”

Participating in the FOA programs are the DOE offices of Cybersecurity, Energy Security, and Emergency Response, Defense Nuclear Nonproliferation, Electricity, Energy Efficiency and Renewable Energy, Environmental Management, Fossil Energy, Fusion Energy Sciences, High Energy Physics and Nuclear Energy.

Phase II grants are up to 2 years and maximum with award amounts of $1,000,000 or $1,500,000, depending on the research topic. Phase III grants with a duration of up to 2 years and a maximum award amount of $1,100,000 are introduced this year. The third phase grants were included by Congress in the John S. McCain National Defense Authorization Act for Fiscal Year 2019. This phase is to help small businesses deal with the commercialization challenges of their technology and make it a profitable business.

Additional information on the DOE SBIR and STTR programs can be found on the program’s website.



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