The National Institutes of Health (NIH) is offering a funding opportunity titled "Catalyze: Product Definition Device Prototype Testing and Design Modification," aimed at supporting early-stage translational research for prototype testing, assay development for diagnostic disease targets, and the creation of research tools related to heart, lung, blood, and sleep (HLBS) diseases. Eligible applicants include a diverse range of organizations such as higher education institutions, non-profits, and tribal colleges, with a total funding commitment projected at $6,277,500 annually over the fiscal years 2023-2025. This initiative emphasizes the importance of innovation in addressing significant gaps in existing technologies, requiring proposals to include a minimum of 25% non-federal cash match, an Accelerator Partner for commercialization support, and a detailed project management plan. Interested parties should note that applications are due by 5 PM local time on December 20, 2024, and can reach out to the NIH OER Webmaster at OERWebmaster03@od.nih.gov for further inquiries.