From: Mary Hilts Subject: MISC: R&D$ Date: Thu, 01 Feb 1996 10:35:45 -0800 Message-ID: <31110801.2142@foresnt.com> Organization: Foresight Science & Technology From: Mary Hilts Science & Technology Newsgroups, We (Foresight Science & Technology) are under contract with the DoD to assist them in finding candidates for their SBIR "Fast Track" program. Through this program funds are available for research and technology areas that fall within the DoD's mission. This task is awkward in this particular forum (newsgroups) in that it is not research exchange, yet it is not advertisement either. What I believe it could be categorized as is information exchange; "The DoD has R&D money available, your readers may be eligible, we are informing them of the availability of this funding". If you have any questions, please e-mail me, I appreciate your communication. Otherwise, please continue reading the following. Mary Hilts Foresight Science & Technology *********************************************************************** Defense Department offering up to 4X match on private sector investments in small technology companies. *********************************************************************** DoD's Small Business Innovation Research (SBIR) program will fund $450 million in early-stage R&D projects at small technology companies in 1996, in technology areas that fall within the broad DoD mission. Effective immediately, DoD will give its highest priority in making SBIR awards to small companies that are able to attract independent third-party investors -- such as venture capital firms, large companies, or "angel" investors. If selected for award, these small companies will receive uninterrupted DoD funding of up to $850,000 over a two-and-a-half year period. In practice, this means that an investor that offers to help fund an early-stage technology project at a small company can obtain a match of between $1 and $4 in DoD SBIR funds for every $1 the investor puts in. This new policy -- the SBIR "Fast Track" -- was approved for implementation by Under Secretary of Defense (Acquisition & Technology) Dr. Paul Kaminski in June, 1995. Its purpose is to significantly increase DoD's success in converting SBIR research into affordable, high-performance products which serve military and commercial customers. For more information: * see the page entitled "DoD SBIR Fast Track" on the World Wide Web at http://www.seeport.com/SBIR/fasttrk.htm * contact our DoD Fast Track listserver by e-mailing list@seeport.com with the message "join DoD" on the first line of your e-mail. * call David Speser at (407) 791-0720 or e-mail david@foresnt.com