• Wed. May 29th, 2024

Revolutionizing Space Exploration: Department of Air Force’s AFWERX AFVentures Launches Strategic and Tactical Funding Increase for Small Businesses in Space Industry

BySamantha Nguyen

Mar 27, 2024
AFWERX and SpaceWERX Issue Call for Space-Related Technology Submissions

The Department of the Air Force’s commercial investment arm AFWERX AFVentures has just released the program year 24.2 Strategic Funding Increase (STRATFI) and Tactical Funding Increase (TACFI) notice of opportunity through SpaceWERX. These programs are designed to help the Department of the Air Force (DAF) obtain the capabilities it needs by providing financial assistance to small businesses with Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts that have completed at least 90 days or were submitted within two years of their capability package.

According to the Air Force Materiel Command website, the STRATFI program offers funding between $3 million and $15 million over 48 months, while TACFI provides between $375,000 and $1.9 million over 24 months. These opportunities are open to small business concerns with Phase II SBIR or STTR contracts that meet these criteria.

Interested parties must submit a capability package by April 12, as outlined in the latest notice of opportunity. Under program year 24 rules, only an SBC’s government point of contact is eligible to submit the package on their behalf. To learn more about the support available for space technology submissions, stay updated with AFWERX AFVentures.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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