Press Release Summary:
NIST announced 56 new awards for innovative industrial research and development projects under the Advanced Technology Program (ATP). Technologies represented include medical diagnostic techniques, alternative energy sources, manufacturing, semiconductor electronics, transportation, nanotechnology, energy conservation, and automated language translation. The projects were chosen in a competition announced last April and represent the last to be funded under the ATP.
Original Press Release:
NIST Announces 56 New Awards for Innovative Technology R&D
The Commerce Department's National Institute of Standards and Technology (NIST) today announced 56 new awards for innovative industrial research and development projects under the agency's Advanced Technology Program (ATP).
The new awards represent a broad range of technologies, including medical diagnostic techniques, alternative energy sources, manufacturing, semiconductor electronics, transportation, nanotechnology, energy conservation and automated language translation, among others.
A total of 69 companies and one non-profit organization will participate in the projects, which include nine joint ventures. Forty-eight of the projects are led by small businesses. The new awards potentially represent a total of up to $138.7 million in ATP funding together with an industry cost-share of up to $104 million, if all projects are carried through to completion. ATP awards are made contingent on available funding and on evidence of satisfactory progress throughout the multi-year research schedules.
The 56 projects were chosen in a competition announced last April and represent the last set of R&D projects to be funded under the ATP, which was abolished under the America COMPETES Act (P.L. 110-69). The act allows for continued support for ongoing ATP projects, including those chosen in the FY 2007 competition.
The ATP provided cost-shared support to enable or accelerate high-risk industrial research projects. Projects were selected for funding by a competitive, peer-reviewed process that evaluated the scientific and technical merit of each proposal and the potential for broad-based benefits to the nation if the technology were successfully developed.
NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards and technology in ways that enhance economic security and improve our quality of life.
CONTACT: Michael Baum