• Fri. Jun 14th, 2024

Revolutionizing Space Technology: AFWERX AFVentures Launches New Programs to Help Small Business Concerns Thrive in the Military Industry

BySamantha Jones

Mar 27, 2024
AFWERX and SpaceWERX Issue Call for Space-Related Technology Submissions

The Air Force’s commercial investment arm AFWERX AFVentures has released two new programs aimed at providing financial assistance to transition Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts into Phase III work. These programs, known as the Strategic Funding Increase (STRATFI) and Tactical Funding Increase (TACFI), are available through SpaceWERX and offer funding between $3 million and $15 million over 48 months for STRATFI, and between $375,000 and $1.9 million over 24 months for TACFI.

To be eligible for these programs, small business concerns must have a Phase II SBIR or STTR contract that has been running for at least 90 days or completed within two years of submitting a capability package. Interested parties must submit a capability package by April 12th, as outlined in the latest notice of opportunity. Under the program year 24 rules, only an SBC’s government point of contact is eligible to submit the package on their behalf.

These programs aim to support the delivery of capabilities needed by the Department of the Air Force by providing financial assistance to transition Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts into Phase III work. Stay updated with AFWERX AFVentures to learn more about the support available for space technology submissions.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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