AFWERX AFVentures Launches Two New Funding Opportunities for Space Technology Small Businesses

By Eleanor Harrison Mar27,2024
AFWERX and SpaceWERX Announce Opportunity for Space Technology Submissions

AFWERX AFVentures, the commercial investment arm of the Department of the Air Force, has recently 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 are aimed at supporting space technology submissions to provide the necessary capabilities to the DAF.

The STRATFI and TACFI programs offer financial support to help small businesses transition from Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts onto Phase III work. The Air Force Materiel Command website has reported on this initiative.

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 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.

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

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