The NASA Innovative Advanced Concepts (NIAC) Program nurtures visionary ideas that could transform future NASA missions with the creation of breakthroughs - radically better or entirely new aerospace concepts - while engaging America's innovators and entrepreneurs as partners in the journey. NIAC projects study innovative, technically credible, advanced concepts that could one day "Change the Possible" in aerospace. NIAC supports innovative research through three phases of study, each competitively awarded. Phase I studies are for nine-month efforts to explore the overall viability of visionary concepts. Phase II studies further develop the most promising Phase I concepts for up to two years, prepare a roadmap for further development, and explore potential transition options within NASA and beyond. Phase III studies are designed to strategically transition the most promising NIAC concepts to other NASA programs, other government agencies, or commercial partners. Since 2011, NIAC has funded 128 Phase I. 51 Phase II, and 2 Phase III studies. This paper provides an update on NIAC's history and current role in supporting NASA's sustained investments in advanced aerospace technology development.
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