Photo by Matthew Henry on Unsplash

The U.S. Department of Energy (DOE) has announced the availability of around $97 million in funding for Phase II of its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for the fiscal year 2020.

The participating program offices in the Funding Opportunity Announcement include the Offices of Advanced Scientific Computing, Basic Energy Sciences, Nuclear Physics and Biological and Environmental Research.

Eligible small businesses that received Phase I grants may apply for the Phase II grants. Grantees will receive a maximum amount of either $ 1 million or 1.5 million depending on the topic of their research for a duration of up to two years. The money can be used to develop new processes or working prototypes.

Recipients of Phase II grants may also apply for a second or third Phase II grants. The maximum amount of grants will be $1 million with a duration of up to two years. The SBIR and STTR programs were created to improve innovation at federal agencies with the help of small businesses.