Wednesday, December 22, 2004
Mike Shore, MEDC
New Emerging Business Fund Awards $84,625 in Matches
Governor Jennifer M. Granholm announced today that five Michigan startup companies have been awarded $564,174 in federal Small Business Innovation Research (SBIR) grants after receiving support from the state's new Emerging Business Fund. The Emerging Business Fund provides matching grants to Michigan companies in the three Technology Tri-Corridor sectors of life sciences, homeland security and advanced automotive technology.
"It's high-tech, high-growth companies such as these we had in mind when we created the Technology Tri-Corridor two years ago," Granholm said. "The Emerging Business Fund provides a strong commitment from the state to help entrepreneurs develop products and processes with commercial potential and create 21st century jobs for Michigan workers."
The companies, based in Ann Arbor, Okemos and Mount Pleasant, applied for SBIR grants with the assurance of $84,625 in matching funds from the Emerging Business Fund. The companies and the amount of their federal awards are:
- DCM Associates LLC, a Mount Pleasant-based company received $100,000 to develop online training courses for the handling of hazardous materials for the National Institute of Environmental Health & Science.
- Solidica Inc., Ann Arbor, $65,000 for novel applications of additive fabrication for armoring military vehicles for the Department of Defense/Navy.
- BioPhotonic Solutions Inc. in Okemos, $99,855 for research and development of laser-based methods of detection and imaging in biotechnology for the Department of Defense/Army.
- Cybernet Systems Corp., Ann Arbor, $99,523 to research and develop instrumentation to detect falls in the elderly and $99,796 to develop a handheld enabled system for medication compliance management using FDA-approved handheld technology, both for the National Institutes of Health.
- Omni Sciences Inc., Ann Arbor, $100,000 to research and develop a mid-infrared laser for applications in chemical sensing for the Department of Defense/Army.
The Technology Tri-Corridor is administered by the Michigan Economic Development Corporation (MEDC) and fosters growth in the high-tech life sciences, homeland security and advanced automotive technology industries through funding and resource collaboration. The Tri-Corridor is built on the successful model of the Michigan Life Sciences Corridor. Between 2000 and 2004, the Life Sciences Corridor and Tri-Corridor have allocated more than $196 million through 143 awards. A total of 111 proposals for research projects in the three technologies are currently competing for $26.5 million in 2005 Tri-Corridor funds.
"Qualifying for SBIR awards is a highly competitive process, but we believe the promise of matching funds bolsters the applications of Michigan companies," MEDC President and CEO Don Jakeway said. "These five award winners are to be commended for securing this federal funding, and we hope to add to that number in 2005."
The Tri-Corridor and Emerging Business Fund complement other MEDC initiatives to encourage the growth of small businesses in emerging fields. Among them is the Great Lakes Entrepreneur's Quest, which is supported by the MEDC.
For more information about the SBIR Emerging Business Fund or to submit an application electronically, please visit the TTC Web site at www.medc.michigan.org/ttc.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.