Fri. Jun 14th, 2024
AFWERX and SpaceWERX Announce Opportunity for Space Technology Submissions

The Department of the Air Force’s commercial investment arm, AFWERX AFVentures, has announced the release of two funding opportunities: the program year 24.2 Strategic Funding Increase (STRATFI) and Tactical Funding Increase (TACFI) notice of opportunity on behalf of SpaceWERX. These programs aim to support space technology submissions by providing financial assistance to small business concerns with Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts that have been active for at least 90 days or completed within two years of submitting a capability package.

Under the STRATFI program, funding ranges from $3 million to $15 million over a period of 48 months. The TACFI program provides funding between $375,000 and $1.9 million over a 24-month period. Both programs are open to small business concerns with Phase II SBIR or STTR contracts that meet the eligibility criteria.

Interested parties must submit a capability package by April 12, according to the latest notice of opportunity. It is important to note that for program year 24, the package must be submitted by the SBC’s government point of contact. These funding opportunities provide an excellent chance for small businesses with innovative space technology ideas to receive financial support and bring their ideas to fruition.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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