Unleashing Space Technology Innovation: AFWERX AFVentures Reveals $3 Million to $15 Million Program Year 24.2 Strategic Funding Increase and Tactical Funding Increase for Small Businesses

AFWERX and SpaceWERX Announce Opportunity for Space Technology Submissions

The Department of the Air Force’s commercial investment arm, AFWERX AFVentures, has recently released the program year 24.2 Strategic Funding Increase (STRATFI) and Tactical Funding Increase (TACFI) notice of opportunity on behalf of SpaceWERX. This initiative aims to support space technology submissions and provide financial assistance to small businesses in transitioning from Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts onto Phase III work.

The STRATFI and TACFI programs offer funding ranging from $3 million to $15 million over a period of 48 months for the former, and between $375,000 and $1.9 million over a 24-month period for the latter. These programs are open to small businesses with Phase II SBIR or STTR contracts that have been active for at least 90 days or completed within two years of submitting a capability package.

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. This initiative is aimed at providing financial support to small businesses working on space technology projects, which will help them develop capabilities needed by the Department of the Air Force.

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