The state matching grant program provides assistance to companies in the process of completing a project in the federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs. This is the 23rd round of SBIR Advance funding since this collaboration by the Wisconsin Economic Development Corporation (WEDC) and the Center for Technology Commercialization (CTC) began in 2014.
Over the past decade 174 awards totaling nearly $15 million have been awarded. Those businesses reported obtaining $76.6 million in follow on funding since receiving the SBIR Advance matching grants.
The Phase 1 recipients, each receiving up to $75,000 match, are:
- Cell Reprogramming & Therapeutics, LLC. of Wauwatosa is focused on the development and commercialization of cell-based technologies to target diseases of the central nervous system;
- Intuitive Biosciences of Madison is developing the first at-home testing platform to leverage the diagnostic power of cell-to-cell communications. The platform has broad applications, including cancer and infectious diseases;
- Maxwave, LLC. of Waunakee is working on a new paradigm of energy generation and transfer through the concept of wireless power beaming (WPB) to efficiently transmit renewable energy over long distances without physical wires and infrastructure; and
- SixLine SemiConductor, Inc. of Middleton focuses on commercializing a patented aligned carbon nanotube arrays for next generation wireless devices and computing.
The Phase 2 recipients, each receiving up to $100,000 match, are:
- Badger Technology Group of Port Washington is an entrepreneurial technology development company that is focused on Renewable Energy and Aerospace projects. The development work includes software development, hardware design, systems integration, and certification of advanced systems;
- COnovate of Shorewood produces innovative carbon materials to help power the wireless world while making it a safer place for the users of electric vehicles, power tools, consumer electronics, and many other devices that draw energy from batteries;
- Fleet Cycles Inc. of Monona designs and manufactures a best-in-class commercial-grade electric cargo bike that is more effective than traditional fleet vehicles, has more benefits and capabilities, and can be adopted more easily allowing commercial and public sector organizations reach their budget, emission and electrification goals; and
- Steam Instruments of Madison is a pioneering startup at the forefront of high-spatial resolution mass spectrometry technology. They are dedicated to revolutionizing the field with their innovative solutions designed to enhance mass range, quantum efficiency, and spatial resolution.
Read more here: https://wisconsinctc.org/news/700000-in-state-matching-grants-advance-8-innovative-small-businesses/