USDA NIFA Invests $26.8M in Small Business Innovations
Deal News | Oct 31, 2024 | Rev1 Ventures

The U.S. Department of Agriculture's National Institute of Food and Agriculture (NIFA) has announced a significant investment worth over $26.8 million to support 42 small businesses engaged in pioneering research under the USDA Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. This initiative aims to address vital scientific challenges and uncover opportunities in the agricultural sector. Building on its mission to foster local economies and communities, the USDA regards these investments as a testament to their commitment towards science-driven innovation. The funded projects focus on various domains, including food science, nutrition, natural resource conservation, and more, while actively involving minority and women-owned businesses. Significant examples of funded projects include developing advanced wildfire prediction tools, enhancing children's nutrition, and addressing global plastic pollution. The overall program underscores the importance of public-private partnerships, with early-stage funding in phase II targeting the commercialization of these innovative solutions. The investment is seen as pivotal in maintaining U.S. leadership in global technology and propelling economic growth through small business innovations.
Sectors
- Agriculture
- Biotechnology
- Environmental Science
Geography
- United States – The funding is conducted by the U.S. Department of Agriculture's NIFA, targeting small businesses across various states.
Industry
- Agriculture – The article discusses USDA NIFA's investment in small businesses aimed at addressing scientific challenges in the agricultural sector.
- Biotechnology – The funding supports projects involving innovative solutions in food sciences, health and nutrition, and environmental sustainability.
- Environmental Science – Projects funded include wildfire management tools and bioplastic developments addressing environmental issues.
Financials
- $26.8 million – The total investment by NIFA in small businesses through the SBIR/STTR programs.
- $650,000 – Funding for Spatial Informatics Group's wildfire prediction tool project.
- $649,995 – Funding for Grady's Garden's nutrition and health project.
- $649,991 – Funding for Sustainable Chemical LLC's bioplastic development project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| USDA National Institute of Food and Agriculture (NIFA) | Investing Agency | Government | A U.S. government agency making a significant investment in small business innovation and research. |
| Rev1 Ventures | PE Firm | Company | A private equity firm involved in the commercialization of small business-led innovations. |
| Spatial Informatics Group | Target | Company | A company working on advanced wildfire prediction tools. |
| Grady's Garden | Target | Company | A company focused on improving the health and nutrition of children through innovative products and digital projects. |
| Sustainable Chemical LLC | Target | Company | A company aiming to tackle plastic pollution through renewable bioplastics. |