Morrison Client Among Successful Applicants for $18 Million in Small Business Research Grants
Earlier this month, the U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) awarded more than $18 million in grants to small businesses for high quality, advanced research and development that will lead to technological innovations and solutions for American agriculture and one of Morrison's clients was among the list of successful awardees. NIFA awarded 100 grants through the Small Business Innovation Research (SBIR) program.
"Small businesses are adept at finding solutions that can advance agriculture, create new jobs and grow our economy. These grants will provide resources so small businesses can innovate and create new breakthroughs," said USDA Secretary Tom Vilsack in a press release. "The SBIR program has provided hundreds of small businesses with the ability to explore new ideas that have led to cutting-edge solutions to pressing challenges and helped keep American agricultural innovative and strong."
The SBIR program exists to stimulate technological innovations in the private sector and to strengthen the role of federal research and development in support of small businesses. The program also fosters and encourages participation by women-owned and socially or economically disadvantaged small businesses.
Companies initially apply for Phase I feasibility studies, which may be followed by Phase II research and development projects. Phase I grants are limited to $100,000 and a duration of eight months, while Phase II grants are limited to $450,000 and a duration of 24 months. Approximately 30-40 percent of Phase I projects continue onto Phase II.
In fiscal year 2014, USDA awarded $7,421,711 in Phase I grants and $11,048,055 in Phase II grants. A complete list of fiscal year 2014 SBIR awards is available here.
Since 1983, the SBIR program has awarded more than 2,000 research and development grants to American-owned, independently operated, for-profit businesses with 500 employees or fewer.
NIFA funds and administers the SBIR program, with additional funding provided by the Animal and Plant Health Inspection Service, the Agricultural Research Service, the Economic Research Service, the National Agricultural Statistics Service, and the U.S. Forest Service.
Through federal funding and leadership for research, education and extension programs, NIFA focuses on investing in science and solving critical issues impacting people's daily lives and the nation's future. More information is at www.nifa.usda.gov.
About the Author
+Toni Scott is a consultant with Morrison, providing business valuations, business planning (including budgeting, cash flow forecasting, strategic planning), feasibility studies, interim executive services, competitive grant writing and special projects that don't fit into any conventional category. You can contact Toni directly at email@example.com or via telephone at 530-893-4764 ext. 205.