This program is a fantastic chance for your business to gain financial support for innovative projects in the field of formal methods and computer science. By applying, you could receive up to $1,000,000 in funding for research, $150,000 for transitioning prototypes into practice, or $250,000 for developing educational resources. The funding is typically provided as a non-repayable grant, so if you meet the project goals, you won’t ever have to pay it back.

Participating in this program not only boosts your financial resources but also connects you with leading researchers and experts in your field. These partnerships can lead to substantial advancements in your business, enhancing your systems or creating new tools. With no minimum revenue or employee requirements, this funding is accessible for businesses of all sizes, making it an accessible and valuable opportunity for growth and innovation.

Consider how this program could transform your business landscape. Having the ability to innovate without the burden of repayment allows you to focus on what matters most—developing your ideas and improving your operations. Don't wait, find out how the funding could be just the boost your business needs.

Type of Financing

This program offers a combination of grants for research and education proposals, and funding for transition to practice projects.

• Track I (Research Proposals): Up to $1,000,000 for projects lasting up to four years.
• Track II (Transition to Practice): Up to $150,000 for projects lasting up to two years.
• Track III (Education Proposals): Up to $250,000 for projects lasting up to 36 months.

Repayment Terms and Interest Rates

There is no repayment required for this funding. It is awarded as a grant, which means you won’t need to pay it back, allowing you to focus on your work without worrying about additional debt.

Eligible and Ineligible Expenses

Eligible expenses include costs associated with research, development, evaluation, and education materials related to formal methods and their application. You can use the funds for hiring personnel, research materials, and technology development.

However, the funds cannot be used for unrelated expenses such as general administrative costs, entertainment, or activities outside the scope of your proposal.

Fees Associated with the Program

There are no application or service fees associated with this program. You can apply and use the funding without incurring extra costs, making it straightforward for you to focus on your project.

• Location: Available across the country.
• Sectors: Open to all sectors.
• Minimum Employees: No minimum number of employees required.
• Maximum Employees: No maximum number of employees required.
• Minimum Company Revenue: No minimum revenue qualifications.
• Maximum Company Revenue: No maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• There are no specific disqualifications mentioned in the context provided.

This program is designed to support your business by funding innovative projects in the field of formal methods and computer science. You can receive up to $1,000,000 for research projects, $150,000 for transitioning prototypes to practice, and $250,000 for developing educational programs. This funding can be used to enhance your systems, create new tools, or improve educational resources related to formal methods.

You have the freedom to choose how to apply these funds based on your project needs. The money is typically granted as a non-repayable grant, meaning you won’t have to pay it back if you meet the outlined project goals. The assessment period varies depending on your chosen track, with projects lasting from two to four years.

In short, this is a great opportunity for you to innovate and grow your business, while collaborating with researchers and other experts in your field. Utilizing this program could lead to substantial advancements in your work, increase your competitiveness, and build valuable partnerships.