The National Institutes of Health (NIH) has announced the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Commercialization Readiness Pilot (CRP) Program, aimed at supporting small businesses in transitioning previously funded Phase II and Phase IIB projects to commercial viability. This funding opportunity encourages applicants to propose at least one clinical trial that aligns with the interests of participating NIH institutes, while providing technical assistance and late-stage research and development funding to bridge the gap between research and market-ready products. Eligible small businesses can receive grants of up to $3,945,657, with applications due by April 5, 2025. For further inquiries, interested parties can contact NIH Grants Information at grantsinfo@nih.gov or visit the program's webpage at https://grants.nih.gov/grants/guide/pa-files/PAR-23-220.html.