The National Science Foundation awarded Urban Sky Theory Inc. a $254,685 Project Grant under the Engineering federal grant program (CFDA 47.041) from January 1, 2022 to September 30, 2022. The grant funds the development of the Microballoon: Precisely-Placeable Stratospheric Balloon. The Engineering program seeks to improve quality of life and economic strength through fostering innovation and excellence in engineering research. This award supports Urban Sky Theory's work to advance stratospheric balloon technology for precise placement capabilities, in keeping with the program's goals. The nine-month period of performance allows for the company to engineer a microballoon prototype with improved targeting and positioning functions for potential stratospheric applications.