Revolutionizing Space Technology: AFWERX AFVentures Announces Program Year 24 with Increased Funding for Small Business Concerns in the Space Industry

AFWERX and SpaceWERX Announce Opportunity for Space Technology Submissions

The Department of the Air Force’s commercial investment arm, AFWERX AFVentures, has announced the release of the program year 24.2 Strategic Funding Increase (STRATFI) and Tactical Funding Increase (TACFI) notice of opportunity on behalf of SpaceWERX. This program is designed to support space technology submissions and provide financial support to Small Business Concerns (SBCs) with Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) contracts that have been active for at least 90 days or completed within two years of submitting a capability package.

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 aimed at helping SBCs transition their Phase II SBIR or STTR contracts onto Phase III work, which will provide them with the capabilities needed by the DAF.

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.

The AFWERX AFVentures website has more information about these programs and how to apply for funding.

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