What is an Innovative Venture and how does it differ from a Small business?
An innovative venture introduces new technology, products or processes to the marketplace. Many of these new concepts are formed in research laboratories. Small business are start-up companies that are similar to existing businesses (e.g. a restaurant), but these businesses provided added value to customers, operate in a new geographic environment, or serve new segments of the market. Small businesses may also include family owned businesses.
Related Questions
- How does the New Innovator Award program differ from other NIH programs targeting innovative research, such as the Pioneer, Transformative R01 (T-R01), and Early Independence Award programs?
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