This program offers your business significant funding opportunities to advance research in predictive science using AI and machine learning technologies. With up to $3.5 million per year for establishing a Predictive Simulation Center, or up to $1 million per year for Focused Investigatory Centers, you can support various initiatives like research, workforce development, and technological advancements. The funding is provided as a grant, meaning you won’t have to pay it back, which allows you to allocate resources towards innovative projects that could revolutionize your operations.

By participating, you’ll gain access to a collaborative environment with leading institutions and researchers, fostering an exchange of ideas and technologies that can set your business apart. The program has approximately $20 million available each year, creating a unique chance to enhance your research and development efforts. This financial support can help you leverage cutting-edge technologies, ensuring your business can stay ahead of the competition and make a lasting impact in your field. The application process is designed to be straightforward, keeping it accessible for businesses ready to take their capabilities to the next level.

Type of Financing
The financing offered through this program comes in the form of cooperative agreements, which are similar to grants. These agreements provide funding for projects without the expectation of repayment, allowing you to focus on your research and development efforts rather than stressing over debt.

Funding Amounts and Terms
The proposed funding amounts vary based on the type of center:

• Predictive Simulation Centers (PSCs): Awards between $1.5 million and $3.5 million per year for up to five years. Larger awards will go to centers tackling multidisciplinary problems.
• Focused Investigatory Centers (FICs): Awards will range from $0.5 million to $1 million per year for also up to five years.

There are no interest rates or repayment terms, as these are not loans.

Eligible and Ineligible Expenses
Funds can be used for eligible expenses directly related to advancing research in predictive science, artificial intelligence, and machine learning. However, these funds cannot be utilized for general operating expenses, unrelated research, or any personal expenses.

Lastly, be aware that no fees are associated with the application or funding process. You can focus entirely on using the funding for your innovative pursuits.

This program offers your business significant funding opportunities to advance research in predictive science using artificial intelligence (AI) and machine learning (ML) technologies. You can receive up to $3.5 million per year if you establish a Predictive Simulation Center or up to $1 million per year with a Focused Investigatory Center. This funding can be used for various initiatives including research, workforce development, and technological advancements tailored to enhance your predictive capabilities.

The support provided through this program is structured as a grant, meaning you won't have to pay it back like a loan. The funding is available annually and can facilitate groundbreaking projects that improve your business's capabilities in predictive science. You can collaborate with other institutions and researchers to push the boundaries of what's possible, leading to innovative solutions that could set your business apart in your industry.

With approximately $20 million available each year, this program presents a unique chance for you to enhance your research and development efforts. By leveraging state-of-the-art technologies, your business can stay ahead of the competition and make a lasting impact in your field.