Technology Innovation Program
A new, successor program was enacted called the NIST Technology Innovation Program (TIP). TIP was established for the purpose of assisting U.S. businesses and institutions of higher education or other organizations, such as national laboratories and nonprofit research institutes, to support, promote, and accelerate innovation in the United States through high-risk, high-reward research in areas of critical national need. TIP is aimed at speeding the development of new research targeted to address specific national problems. Funding is provided to industry (small and medium-sized businesses), universities, and consortia for research on new technologies for solving critical national problems that present high technical risks, with commensurate high rewards if successful. The primary mechanism for this support are cost-shared research grants, cooperative agreements, or contracts awarded on the basis of merit competitions.Features
The major features of the Technology Innovation Program are established in the authorizing legislation. These include: * TIP makes cost-shared awards of no more than 50 percent of total project costs to high-risk R&D projects that address critical national and societal needs in NIST’s areas of technical competence. * Projects may be proposed either by individual, for-profit companies or by joint ventures that may include for-profit companies, institutions of higher learning, national laboratories or non-profit research institutes, so long as the lead partner is either a small or medium-sized business or an institution of higher learning. * Awards are limited to no more than $3 million total over three years for a single-company project or no more than $9 million total over five years for a joint venture. * TIP may not provide funding to any business that is not a small- or medium-sized business, though those businesses may participate in a TIP-funded project.Shutdown
"On November 18, 2011, President Obama signed the "Consolidated and Further Continuing Appropriations Act, 2012," that provided FY 2012 full-year appropriations through September 30, 2012 for the Department of Commerce. This bill included appropriations for the National Institute of Standards and Technology (NIST). However, there were no funds appropriated for the Technology Innovation Program. The Program is currently taking the necessary actions for an orderly shutdown."Bibliography
* ''P.L.110-69, Sec. 3012 Technology Innovation Program'', legislation authorizing the Technology Innovation ProgramReferences
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