The Company has significantly increased its efforts to secure more efficient and less costly financing through federal grants. Recently, government funding for other similar companies in our space has drastically increased. As part of this strategy the Company has retained Douglas Freitag, an expert in identifying and obtaining government grants of the type we are seeking, as a consultant to the Company. In addition, we have entered into a Joint Development Agreement with the defense business affiliate of Schott AG, a world-class multi-billion-dollar company with significant experience and success in partnering with the U.S. government to develop new products and to work with the Company and Doug to implement a plan to obtain government funding.
A federal government business development expert, Doug brings over 20 years of federal grant and contact funding expertise to 3DIcon, as well as over 25 years of advanced materials experience, to the Company. Doug has previously worked with and for: Dow Corning, Schott North America, Goodrich, Avery Dennison, DuPont, Honeywell, Lockheed Martin and other firms, both large and small. Doug will be leading a focused effort to secure US government grant funding and contracts. In addition, Doug will be helping to secure key relationships with large government prime contractors and end-users within the Department of Defense and the civilian agencies.
We intend to pursue funding opportunities as a part of the federal government’s approximately $136 billion FY14 R&D budget and whenever possible take advantage of programs designed to help small business during the higher risk phases of technology commercialization. The principal targets for this strategy include: the Obama Administration’s multi-agency priorities of advanced manufacturing and information technology (e.g., Big Data Research and Development Initiative with over $200 million annually); the DOD’s priorities to reduce the cost of developing, testing, and manufacturing new weapon systems, enhance training and operation of autonomous systems and accelerate data-to-decisions; and FAA’s on-going priority to enhance air traffic control systems.
The grant-seeking process is now underway, with the recent submission of a proposal to the US Army Night Vision and Electronic Sensors Directorate. Additional submissions are planned over the next few months, approaching $10 million of multi-year funding requests.
Other Government Grants
In late 2013, 3DIcon also received a $300,000 grant in the Oklahoma Applied Research Support (OARS) competition sponsored by the Oklahoma Center for the Advancement of Science and Technology (OCAST).