The R&D Shrink Back Rule
Overview: The Research and Development (“R&D”) Tax Credit is a federal incentive for companie...
Businesses working on innovative products and processes within the health and life sciences sectors may be eligible to apply for and receive government funding through the National Institutes of Health (NIH).
NIH is the largest medical research agency in the world, with a history dating back to the late 18th century.
Originally known as the Marine Hospital Service (MHS), its founding goal was the prevention of ship passengers spreading infectious diseases. The organization has evolved over time to become what it is today, an organization dedicated to medical research and advancement. After starting in Bethesda, Maryland, the organization has grown to include 27 institutes throughout the country.
The NIH stands as the cornerstone of biomedical research within the United States Department of Health and Human Services.
As well as investing over $30 billion in biomedical and behavioral research, the NIH has an unwavering mission: to revolutionize scientific understanding of living systems and leverage this knowledge to improve health and reduce illness and disability.
The agency’s objectives:
There are 27 institutes and centers within the National Institutes of Health that address different health issues. These sub-agencies each focus on specific aspects of biomedical research and health care.
Here are a few examples of such sub-agencies:
For a full list of sub-agencies, click here.
To advance scientific knowledge and improve human health, the NIH provides grants to researchers, institutions, and organizations.
These grants typically undergo a competitive peer-review evaluation by experts in the field for their scientific merit, approach, and potential impact. There are different types of NIH grants, each with its own code, divided by specific purpose and eligibility criteria.
Some of the most common types of NIH grants include:
Please find below examples of recent NIH-funded projects and their corresponding grant amounts.
Leyton’s Grants & Incentives team assists businesses from a wide range of industries in accessing all government grants, NIH included. Our technical consultants assist by project managing the application process, drafting, and reviewing documents, ensuring a timely and correct submission, and liaising with government representatives on the company’s behalf.
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