09 Mar Eleven small businesses tap into $1,000,000 in state matching grants to bolster Wisconsin innovation
SBIR Advance’s latest round of funding is allowing 11 innovative small businesses, including 3 URP tenants, to further their commercialization through SBIR match grants up to $75,000 for Phase I and $100,000 for Phase II.
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 17th 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 seven years, 122 awards totaling nearly $9.8 million have been distributed to innovative Wisconsin small businesses. Since receiving the grants, they have reported obtaining over $43 million in additional capital.
The Phase I recipients are:
- AIQ Solutions, Inc. of Madison has developed a software technology platform that generates quantitative intelligence to deliver actionable intelligence that enhances the understanding of treatment response for complex diseases.
- RPRD Diagnostics, LLC of Milwaukee specializes in providing innovative pharmacogenetics (PGx) solutions, including diagnostic, analysis and support services to clinicians, researchers and drug developers.
- Scienss Biotechnology, LLC of Verona makes recombinant proteins for use as therapeutics in the livestock industry. Their current products are primarily focused on veterinary pharmaceuticals focused on improving reproduction in cattle.
- VasoGnosis Inc. of Milwaukee is developing an AI-powered diagnostic and surgical planning software for brain aneurysms.
“This was an extremely competitive selection round and with eleven teams moving forward in the program. We are excited for the diverse group of Phase I teams, with grants from NIH, NSF, USDA and FDA, to go through our Lean Startup Class,” said Dr. Todd Strother, former SBIR Advance Program Manager. “The Phase II teams selected for the program are further in their development with several of them making early sales. It should be an exciting and valuable group.”