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ATP ANNOUNCES NEW PROJECTS
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| FOR IMMEDIATE RELEASE: | NIST 97-08 |
| March 6, 1997 |
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Contact: Michael Baum (301) 975-2763 michael.baum@nist.gov |
ATP ANNOUNCES NEW PROJECTS IN ELECTRONICS, BIOTECHNOLOGY, ENERGY, AND POLYMER RECYCLING |
The Commerce Department's National Institute of Standards and Technology today announced eight new research projects, cost-shared with U.S. industry under the Advanced Technology Program, to resolve challenging issues in key technologies that could underlie economically important new capabilities in electronics, biotechnology, energy and polymer recycling.
The projects were chosen from the ATP 1996 General Competition. If carried through to completion, the eight projects will be valued at $36.9 million, with approximately $17.6 million in funding from private industry and $19.3 million in ATP funding. The awards are contingent on the signing of formal agreements between NIST and the project proposers.
Examples of the technical hurdles to be attacked include:
The Advanced Technology Program provides cost-shared funding to industry for high-risk R&D projects with the potential to spark important, broad-based economic benefits for the United States. While the program does not fund product-development projects, the ATP accelerates, or in many cases enables, potentially important R&D projects that industry otherwise would not undertake, or would not devote significant resources to, because of the significant technical risks involved.
ATP general competitions are open to proposals from any area of technology. The awards are made on the basis of a rigorous peer-reviewed competition that considers the scientific and technical merit of each project and its potential benefits to the U.S. economy. Applicants must include a detailed business plan for bringing the new technology to market with their own funds once technical milestones have been achieved under ATP support.
A list of the selected projects is attached.
As a non-regulatory agency of the Commerce Department's Technology Administration, NIST promotes U.S. economic growth by working with industry to develop and apply technology, measurements and standards.
News and information on the National Institute of Standards and Technology are available on the World Wide Web at http://www.nist.gov.
Date created:March
6, 1997
Last updated:
April 12, 2005
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