Nine small businesses in Wisconsin will receive up to $800,000 to commercialize their innovations, thanks to the SBIR Advance program’s latest round of funding.
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 24th round of SBIR Advance funding since the collaboration by the Wisconsin Economic Development Corp. and the Center for Technology Commercialization began in 2014.
The Phase 1 recipients, each receiving up to $75,000 match, are:
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Atrility Medical of Madison;
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Cadens LLC of Sullivan;
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Morel Energy LLC of Delafield; and
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Stem Pharm of Madison.
The Phase 2 recipients, each receiving up to $100,000 match, are:
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GoDX Inc. of Madison;
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ImgGyd LLC of Middleton;
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Immuto Scientific of Madison;
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Medical Cyberworlds Inc. of Verona; and
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Sativa Building Systems Inc. of Wittenberg.
For more details on the SBIR Advance program, click here. The next solicitation is expected to open in late summer.
