The National Institutes of Health (NIH) is offering a funding opportunity for early-stage clinical trials of novel investigational drugs and devices aimed at treating psychiatric disorders, under the title "First in Human and Early Stage Clinical Trials of Novel Investigational Drugs or Devices for Psychiatric Disorders (U01 Clinical Trial Required)." This initiative encourages cooperative agreement applications to support first-in-human trials and Phase II studies that assess safety, pharmacological effects, and clinical relevance, with a focus on addressing unmet medical needs in both pediatric and adult populations. A total of $27 million is available for this initiative, which emphasizes collaboration between biomedical researchers and industry partners to facilitate the development of effective treatments. Interested applicants must submit their proposals by October 15, 2024, and can find additional information and submission guidelines at the NIH grants website or contact the NIH OER Webmaster at FBOWebmaster@OD.NIH.GOV for assistance.