(National Institute of Standards and Technology: Gaithersburg, Maryland) -- The Commerce Department’s Advanced Technology Program recently opened a new competition for cost-sharing awards to support high-risk industrial research and development projects. The program offers funding for specific research projects by individual companies or industry-led joint ventures to accelerate the development of challenging, high-risk technologies. The ATP is managed by the National Institute of Standards and Technology. The program expects to have approximately $60 million for awards from this competition. Projects are selected in a competitive, peer-reviewed process. Project proposals must be submitted to the ATP by 3 p.m. Eastern time, on Monday, May 21, 2007.

The ATP provides multiyear funding on a cost-shared basis for technically challenging, high-risk research that has the potential for broad national benefit. The program encourages path-breaking research on emerging or enabling technologies that lead to revolutionary new products and industrial processes and services that address national priorities and generate large societal benefits.

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