Supporting Space Industry Innovation: AFWERX AFVentures and SpaceWERX Launch New Funding Programs 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 by providing financial assistance to small businesses that have successfully completed Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts.

The STRATFI and TACFI programs offer funding ranging from $3 million to $15 million over a period of 48 months, and from $375,000 to $1.9 million over a 24-month period, respectively. These programs are open to all Small Business Concerns 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 in order to be considered for funding under these programs. It is important to note that, for program year 24, the package must be submitted by the SBC’s government point of contact.

AFWERX AFVentures has been working closely with SpaceWERX to provide funding opportunities for small businesses that are developing new technologies for space exploration and satellite communications. The STRATFI and TACFI programs are just one example of how this partnership is helping to support innovation in the space industry.

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