Federal agencies provide millions of dollars in grants and loans to businesses, nonprofit organizations, state and local governments and Indian tribes. Funding opportunities exist in virtually every sector of the economy, including energy production, energy efficiency, electricity transmission, transportation, healthcare and communications.
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Federal agencies provide millions of dollars in grants and loans to businesses, nonprofit organizations, state and local governments and Indian tribes. Funding opportunities exist in virtually every sector of the economy, including energy production, energy efficiency, electricity transmission, transportation, healthcare and communications.
While government funding can be an important financial asset for early stage companies and others engaged in research and development, it also presents unique challenges and potential pitfalls. Accepting financial assistance from federal agencies can subject the recipient to a wide range of requirements that otherwise would not apply.
To assist clients who are interested in seeking federal funding, Perkins Coie has an interdisciplinary team of attorneys and other professionals focused on federal grants and loans. We have a comprehensive understanding of the range of federal funding programs and are experienced with helping clients identify specific opportunities to pursue. We have direct, hands-on experience preparing and filing applications for federal grants, loans and loan guarantees under several different programs.
Once a grant or loan is awarded, we can help assess the agency's award terms and conditions and actions necessary for recipient compliance, obtain agency clarifications and, in some circumstances, negotiate award amendments with the agency. Because many award terms are also identified as eligibility requirements, we can also advise regarding likely post-award terms and conditions as you evaluate funding opportunities and prepare applications.
In addition, we have an understanding of recipient and sub-recipient reporting, accounting, procurement and post-award eligibility requirements. We can advise clients regarding development of compliance and audit programs and protocols and assist clients in responding to any Inspector General audits or other agency compliance issues.
For companies conducting R&D with federal funds, one of the most important considerations is the protection of intellectual property rights and data rights. Perkins Coie regularly advises grant and loan applicants and recipients on their rights under the Bayh-Dole Act, which gives the government certain rights in inventions developed with government assistance.
While government funding can be an important financial asset for early stage companies and others engaged in research and development, it also presents unique challenges and potential pitfalls. Accepting financial assistance from federal agencies can subject the recipient to a wide range of requirements that otherwise would not apply.
To assist clients who are interested in seeking federal funding, Perkins Coie has an interdisciplinary team of attorneys and other professionals focused on federal grants and loans. We have a comprehensive understanding of the range of federal funding programs and are experienced with helping clients identify specific opportunities to pursue. We have direct, hands-on experience preparing and filing applications for federal grants, loans and loan guarantees under several different programs.
Once a grant or loan is awarded, we can help assess the agency's award terms and conditions and actions necessary for recipient compliance, obtain agency clarifications and, in some circumstances, negotiate award amendments with the agency. Because many award terms are also identified as eligibility requirements, we can also advise regarding likely post-award terms and conditions as you evaluate funding opportunities and prepare applications.
In addition, we have an understanding of recipient and sub-recipient reporting, accounting, procurement and post-award eligibility requirements. We can advise clients regarding development of compliance and audit programs and protocols and assist clients in responding to any Inspector General audits or other agency compliance issues.
For companies conducting R&D with federal funds, one of the most important considerations is the protection of intellectual property rights and data rights. Perkins Coie regularly advises grant and loan applicants and recipients on their rights under the Bayh-Dole Act, which gives the government certain rights in inventions developed with government assistance.
