Investing in Innovation Fund (i3)

   Current Section  Funding Status
Performance
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Funding Status

FY 2014

Estimated Available Funds: $134,800,000

These estimated available funds are the total available for all three types of grants under the i3 program (Development, Validation, and Scale-up grants).

Estimated Range of Awards:

Scale-up grants: Up to $20,000,000.
Validation grants: Up to $12,000,000.
Development grants: Up to $3,000,000.

Estimated Range of Awards:

Scale- up grants: Up to $19,000,000.
Validation grants: Up to $11,500,000.
Development grants: Up to $3,000,000.

Estimated Range of Awards:

Scale- up grants: 0-2 awards.
Validation grants: 4-8 awards.
Development grants: 10-20 awards.

Note: The Department is not bound by any estimates in this notice.


FY 2013

Estimated Average Size of Awards: $134,191,625.

Range of Awards:

Validation grants: Up to $12,000,000.
Development grants: Up to $3,000,000.


Average Size of Awards:

Validation grants: $11,798,177.
Development grants: $2,950,002.

Number of Awards:

Validation grants: 7 awards.
Development grants: 18 awards.

In FY 2013, the Department did not fund any Scale-up grants.


FY 2012

Total Funds Awarded: $142,762,392.

Range of Awards:

Validation grants: Up to $15,000,000.
Development grants: Up to $3,000,000.

Average Size of Awards:

Validation grants: $11,804,729.
Development grants: $2,793,354.

Number of Awards:

Validation grants: 8 awards.
Development grants: 12 awards.

In FY 2012, the Department did not fund any Scale-up grants.


FY 2011

Total Funds Awarded: $148,064,455

Range of Awards:

Scale-up grants: Up to $25,000,000.
Validation grants: Up to $15,000,000.
Development grants: Up to $3,000,000.

Average Size of Awards:

Scale-up grants: $24,995,690.
Validation grants: $14,554,860.
Development grants: $2,958,497.

Number of Awards:

Scale-up grants: 1 award.
Validation grants: 5 awards.
Development grants: 17 awards.


FY 2010

Total Funds Awarded: $645,978,395

Range of Awards:

Scale-up grants: Up to $50,000,000.
Validation grants: Up to $30,000,000.
Development grants: up to $5,000,000.

Average Size of Awards:

Scale-up grants: $48,179,664.
Validation grants: $20,713,323.
Development grants: $4,683,096.

Number of Awards:

Scale-up grants: 4 awards.
Validation grants: 15 awards.
Development grants: 30 awards.


 
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Last Modified: 03/18/2014