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The company is already providing what a spokeswoman described as "seed grants to develop the idea".
In fact, it draws about 8,000 people annually and was begun with two small seed grants from the National Endowment for the Arts.
He says several projects that attracted $100,000 seed grants from the Wallace H. Coulter Foundation Translational Research Partnership have generated commercial licensing deals.
In a statement, AAS/Aesa said the five-year programme would provide seed grants worth up to $100,000 each, with successful researchers eligible to apply for further funding of up to $1m to scale up their innovations.
Dinh Minh Quan, a tech entrepreneur in Ho Chi Minh City, says he steered clear of government funding and instead applied for $1m in seed grants from an international venture-capital firm.
The Park Avenue Chamber Symphony, for example, had a concert in October in Alice Tully Hall at Lincoln Center to benefit the Trickle Up Foundation, an international nonprofit group that provides seed grants and training to promote entrepreneurship to alleviate poverty.
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Waste Capital Partners received a seed grant from Sida's Innovations Against Poverty programme (IAP) some years ago.
Seed grant programs have been suggested as an innovative way to launch new initiatives.
The project is partially supported by NASA CAN grant #NNX13AN15A and NASA RID SEED grant NNX15AI02H.
In addition to foundation grants, industry-sponsored awards are another potential source of seed grant funding.
This, in addition to a $609,409 S$750,0000) seed grant from the Singapore government.
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