$650,000 in state matching grants advance 7 innovative small businesses

Seven small businesses in Wisconsin will receive up to $650,000 to commercialize their innovations, thanks to the SBIR Advance program’s latest round of funding.

The Phase 1 recipients, each receiving up to $75,000 match, are:

  • Cadens, LLC of Sullivan, is advancing low impact hydropower with site specific systems that are enabled by low-cost feedstock materials and large format additive manufacturing (LFAM, AM); and
  • Universal Real Time Power Conversion, LLC of New Berlin is developing a multi-functional power conversion solution with high frequency and bandwidth to support power hardware in loop simulation and to achieve compact low-cost energy-efficient power systems in aircraft/shipboard/micro grid applications.

The Phase 2 recipients, each receiving up to $100,000 match, are:

  • COnovate of Shorewood will produce sustainable, higher performing carbon materials to help power the wireless world while making it a safer place for users of electric vehicles, power tools, consumer electronics and other devices that draw energy from lithium-ion batteries;
  • Immuto Scientific of Madison is a biotechnology company providing drug discovery research services to pharmaceutical companies by leveraging state of the art, patented technologies to advance the discovery of highly effective therapeutics to treat difficult to cure diseases like cancer and neurological disorders.
  • Retham Technologies of Wauwatosa is developing HITDx, a drug that will replace the slow two-test system that delays patient care in hospital laboratories;
  • Steam Instruments of Madison is developing and commercializing technologies to improve the mass range, quantum efficiency, and spatial resolution of mass spectrometry; and
  • Neurosetta, LLC of Madison developed customizable, scalable RosetteArrays™ platforms for specific brain and spinal cord regions, Neurosetta can help shed light on the potential impact of a person’s chemical/drug exposures and genetic background on early human central nervous system development and disease.

Read full story at https://wisconsinctc.org/news/650000-in-state-matching-grants-advance-7-innovative-small-businesses/