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Science and Technology in Armenia: Toward A Knowledge-Based Economy Appendix M Next Steps to Market Program of the U.S. Civilian Research and Development Foundation (CRDF) The CRDF Next Steps to Market (NSTM) Program Promotes the development of new, sustainable business opportunities in science and technology in the former Soviet Union (FSU) that will bring economic benefit both to the countries of the FSU and to the United States; and Funds collaborative R&D projects that allow U.S. for-profit companies and FSU universities, institutes, and companies to perform market research, develop business plans, and perform the pre-commercial R&D necessary to prepare selected technologies for the commercial market. The NSTM Project Grants Program funds advanced R&D projects with a maximum duration of two years. NSTM grants require a cost share from the U.S. company to ensure that the company is committed to the project and to establishing a long-term partnership with the FSU researchers involved. CRDF NSTM grants are technical assistance grants, and, as such, funds and materials provided under the award are generally exempt from taxation in the countries of the FSU. SOURCE: www.crdf.org.
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