Small Business Transition Grant for New Entrepreneurs (R41/R42 Clinical Trial Required)
ID: 353803Type: Posted
Overview

Buyer

National Institutes of Health (HHS-NIH11)

Eligible Applicants

Small Businesses

Funding Category

Income Security and Social Services

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/353803

Additional Information

http://grants.nih.gov/grants/guide/pa-files/PAR-24-134.html
Timeline
    Description

    The National Institutes of Health (NIH) has announced the Small Business Transition Grant for New Entrepreneurs (R41/R42 Clinical Trial Required), aimed at supporting early-career scientists and health professionals in their transition to entrepreneurship. This funding opportunity encourages small business concerns (SBCs) to employ and develop researchers as Program Directors/Principal Investigators (PDs/PIs), while providing them with essential entrepreneurial training, mentorship, and career development to enhance their skills in leading independent research projects. The grant supports both Phase I and Fast-Track proposals, focusing on establishing technical feasibility and product commercialization, thereby fostering a diverse and skilled biomedical workforce aligned with NIH's mission to improve health. Interested applicants can find more information and apply by April 5, 2027, and should direct inquiries to grantsinfo@nih.gov.

    Point(s) of Contact
    grantsinfo@nih.gov
    Files
    Title
    Posted
    PAR-24-134-Full-Announcement.html
    Please provide the text you would like me to summarize.
    PAR-24-134.html
    The Department of Health and Human Services has released a Notice of Funding Opportunity (NOFO) aimed at supporting early-career scientists and health professionals in transitioning to entrepreneurship via the Small Business Transition Grant (R41/R42), which mandates the inclusion of clinical trials. The funding initiative from the National Institutes of Health encourages small business concerns (SBCs) to employ and develop researchers as Program Directors/Principal Investigators (PDs/PIs) while fostering their entrepreneurial skills through mentorship and entrepreneurial training. Key components include identifying a mentor with entrepreneurial experience, creating a career development plan for the PD/PI, and ensuring the scientific relevance of proposed projects aligned with the participating institutes. Eligibility is limited to individuals with limited prior entrepreneurial experience, promoting inclusion particularly from underrepresented groups in biomedical research. The grant supports both Phase I and Fast-Track proposals, with Phase I focusing on establishing technical feasibility and Phase II targeting product commercialization. The structure allows for comprehensive training and development, vital for transforming scientific innovation into viable businesses, reflecting NIH's commitment to fostering a diverse and skilled biomedical workforce while advancing healthcare technologies.
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