Date: Oct 08, 2014 Author: Carolyn Tribble Greer Source: bizjournals (
click here to go to the source)
Twenty-one companies have been awarded $5.63 million as part of a program to support technology-based businesses and attract them to Kentucky.
The funding is through the state's competitive Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) matching funds program, according to a news release. The program matches all or part of federal SBIR-STTR awards received by Kentucky-based companies. It also provides a match to out-of-state companies if they relocate to Kentucky.
Since it began in 2006, Kentucky's SBIR-STTR program has awarded nearly $48.6 million to support 100 companies that received 201 grants, according to the release. These 100 businesses have leveraged an additional $85.3 million in federal funds and created more than 450 new jobs. Also because of the program, 34 companies relocated their businesses to Kentucky.
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Here are the 21 companies that have received awards since January 2014:
AllTranz Inc. (Fayette County);
Angiomics Inc. (Jefferson);
GISMO Therapeutics Inc. (Fayette -- relocated from New York);
Gradient Engineering Inc. (TBD -- relocating from Montana);
Hummingbird Nano Inc. (Fayette);
Info Beyond Technologies LLC (Jefferson);
Kentucky Imaging Technologies LLC (Jefferson);
Liberate Medical LLC (Jefferson);
Louisville Biosciences Inc. (Jefferson);
Mercury Data Systems Inc. (Fayette);
Minerva Systems & Technologies LLC (Fayette);
MosquitoMate Inc. (Fayette);
PGXL Technologies LLC (Jefferson);
ScienceTomorrow LLC (Fayette);
Sequela LLC (Jefferson);
SiNode Systems (TBD -- relocating from Illinois);
Tribo Flow Separations LLC (Fayette);
TutorGen Inc. (Kenton -- relocated from Pennsylvania);
UHV Technologies Inc. (Fayette -- relocating from Texas);
WaveTech LLC (Kenton -- relocating from Ohio);
and W-Z BioTech LLC (Fayette).
The Kentucky Cabinet for Economic Development manages the state's SBIR-STTR matching funds program, and it is administered by the Kentucky Science and Technology Corp. For more information about the program, click here.
