Small Business Transition Grant for New Entrepreneurs (R43/R44 Clinical Trial Not Allowed)

Background
Through this Notice of Funding Opportunity (NOFO), the National Institutes of Health (NIH) aims to facilitate the career development and transition of investigators new to entrepreneurship with an interest in small business by simultaneously supporting their entrepreneurial development and the conduct of research and development under their direction. This NOFO supports small business concerns (SBCs) in employing and developing researchers as entrepreneurial Program Directors/Principal Investigators (PDs/PIs).

Grant Details
The Small Business Transition Grant for New Entrepreneurs aims to support early-career scientists and health professionals interested in transitioning to a small business to gain industry experience, receive entrepreneurial training and mentorship, and advance biomedical or public health technology with commercial potential as a PD/PI. The award utilizes the R43/R44 SBIR Award mechanism to provide SBCs support for research and development efforts, as well as the opportunity to increase their scientific staff by supporting the employment and salaries of researchers as PDs/PIs overseeing the supported research project. The NOFO emphasizes mentorship, entrepreneurship training, eligibility criteria for transitioning researchers, and scientific/technical scope.

Eligibility Requirements
The eligibility of the contact PD/PI is limited to scientists, engineers, health professionals, late-stage students, postdoctoral fellows or associates, clinicians, and public health practitioners who are new to research entrepreneurship and have not independently led significant research programs. Additionally, individuals from diverse backgrounds including underrepresented racial and ethnic groups, individuals with disabilities, individuals from other disadvantaged backgrounds, women entrepreneurs, graduates or affiliates of institutions in Institutional Development Award (IDeA) states or Resource-Limited Institutions are encouraged to apply.

Grant Value
The total value of the grant is not explicitly mentioned in the provided document.