Awards are intended to support early-stage research, proof-of-concept, and other activities that (if successful) would establish a basis for a subsequent proposal for funding by public or private agencies, other institutional sources, or potentially industry. Within established budgetary parameters, projects will be funded at the level deemed necessary to achieve the proposed research objectives.
Applicants may submit proposals for one of two types of awards:
Pilot awards will be funded at a level of $25,000–$50,000 (direct costs) for a period of up to one (1) year. Pilot awards will typically be used to support performance of a critical experiment or set of experiments to validate a concept that may provide the basis for later-stage funding or for direct commercialization opportunities.
Projects at a more advanced stage of development will be funded at a level of up to $250,000 (direct costs) for a period of up to two (2) years. Awards will be milestone-driven, and continued funding will be contingent on progress made toward the achievement of sequential milestones.
The goal of Q-FASTR funding is to support innovative, investigator-initiated research aimed at obtaining preliminary observations for high-impact research that may lead to potentially commercializable technologies. Thus, proposals will be evaluated on scientific and technical impact and on their potential for technology transfer.