The National Institutes of Health (NIH) is offering the NINDS Renewal Awards of SBIR Phase II Grants (Phase IIB) aimed at facilitating the commercialization of pre-clinical research. This funding opportunity seeks to bridge the critical funding gap, known as the "Valley of Death," that exists between SBIR/STTR Phase II awards and the commercialization stage, encouraging partnerships between small businesses and third-party investors, particularly for projects focused on rare diseases and pediatric populations. Eligible applicants, including small businesses, are required to submit a Plan for Enhancing Diverse Perspectives (PEDP) and secure independent third-party funding equivalent to the NINDS funds requested, with a budget cap of $2,045,816 for projects lasting up to three years. Applications will be accepted from September 2024 until April 2027, and interested parties can reach out to NIH Grants Information at grantsinfo@nih.gov for further inquiries.