CAN BE
ALTERNATIVE
INVESTMENT

2020-NIST-MEP-MDAP-01
Christopher Hunton Grants Technical Assistant
Opening date 17 Jan 2020, 12:00AM
Closing date N/A
Funding Opportunity Number: 2020-NIST-MEP-MDAP-01
Opportunity Category: Discretionary
Category Explanation: Manufacturing Extension Program
CFDA Number(s): 11.611 -- Manufacturing Extension Partnership
Cost Sharing or Matching Requirement: No
Posted Date: Jan 17, 2020 12:00:00 AM EST
Closing Date: N/A
Closing Date Details: Applications for funding pursuant to this NOFO must be received by NIST no later than 60 calendar days following the date that a Major or an Emergency Disaster Declaration is declared by the Federal Emergency Management Agency (FEMA Disaster Declaration) for all or a portion of an impacted State or of Puerto Rico. NIST expects to complete its review, selection of successful applicants, and award processing within 90 calendar days of application receipt. This program is open, and applications will be accepted by NIST on a rolling basis based on the date of the subject FEMA Disaster Declaration and subject to the publication of a superseding NOFO. See Section IV.4. in the Full Announcement Text of this NOFO.
Award Ceiling: none
Award Floor: none
Eligible Applicants: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility: Eligible applicants for this funding opportunity are recipients of current MEP Center cooperative agreements. A MEP Center recipient may work individually or may include proposed subawards to other recipients of MEP Center cooperative agreements and/or proposed contracts with other organizations as part of the applicant’s proposal, effectively forming a team or consortium. A MEP Center may only submit one funding application for each FEMA Disaster Declaration and, where an application is submitted with respect to a particular FEMA Disaster Declaration, such MEP Center may not be included as a subawardee or as a project participant in any other applications pertaining to the same FEMA Disaster Declaration. Moreover, a MEP Center that does not submit a funding application for a particular FEMA Disaster Declaration may only be included as a subawardee or as a project participant in one funding application for each FEMA Disaster Declaration.
Agency Name: Christopher Hunton Grants Technical Assistant
Description:
NIST invites applications from current recipients of Manufacturing Extension Partnership Center cooperative agreements (MEP Centers) to perform assessments of small- and medium-sized manufacturers (SMMs) in areas subject to a FEMA Disaster Declaration. These assessments should be designed to identify the impact, if any, to the operations of the SMMs as result of the subject disaster. MEP Centers receiving funding pursuant to this program must also assist impacted SMMs in identifying and accessing Federal, State and local resources to aid in business recovery efforts and, as appropriate, in the development of a risk mitigation plan for future disasters. Award recipients will further be required to share the results of their project, including disaster preparedness lessons learned and SMMs best practices, with other SMMs, NIST and the MEP National NetworkTM in order to help the SMM community with future disaster resilience planning efforts. See Section I. in the Full Announcement Text of this NOFO.
Grantor Contact Information: Ashley Smothers NOFO Coordinator
Value Ad helps new businesses save 50% to 80% on essential services like marketing and
development. These savings act as an alternative investment, fueling growth.
Service providers gain valuable initial customers, helping them grow and attract investment.
It's a win-win for everyone!
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What is Value Ad?
Value Ad is an innovative policy designed to foster a mutually beneficial relationship between two key groups: new businesses and service providers. This policy helps startups save significantly on essential services while enabling service providers to gain valuable traction and growth opportunities.
How is it a Win-Win Deal?
For New Businesses:
Cost Savings: Startups can save 50% to 80% on essential services such as website development and marketing. This means they don’t need to invest heavily upfront, making it easier to launch and grow their business.
Alternative Investment: The money saved through these discounts can be reinvested into other critical areas of the business, acting as an alternative investment that fuels further growth and development.
For Service Providers:
Initial Customer Base: Service providers, often tech startups themselves, can attract a significant number of initial customers by offering their services at a discounted rate. This helps them build traction and demonstrate value, which is crucial for attracting venture capital (VC) funding and other opportunities.
Marketing Efficiency: By providing affordable services, service providers do not need to spend heavily on marketing to acquire new customers. The discounted services themselves become a powerful marketing tool, bringing in customers who can spread the word and enhance the provider’s reputation.
Growth and Expansion: Attracting more customers through Value Ad helps service providers expand their client base and build long-term relationships, which can lead to increased revenue and business growth.
Alternative Investment for New Businesses:
For new businesses, the significant cost savings achieved through the Value Ad policy effectively serve as an alternative investment. Instead of spending large amounts on website development and marketing, they can leverage the affordable services provided by service providers. The saved funds can be redirected into other strategic areas of the business, enhancing overall growth and sustainability.
Benefits for Service Providers:
Service providers benefit from the Value Ad policy by gaining access to a ready pool of new customers who are drawn by the discounted rates. This initial customer base is crucial for:
Building Traction: Demonstrating product or service viability to potential investors.
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Market Penetration: Establishing a presence in the market quickly and efficiently without heavy marketing expenditures.
In Summary:
Value Ad is a strategic policy designed to create a win-win scenario for both new businesses and service providers. By offering significant discounts on essential services, startups can save and reinvest those savings, while service providers gain crucial initial customers and market traction. This mutually beneficial arrangement supports the growth and success of both groups, making Value Ad a powerful tool for business development and investment.
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