Seven of 11 One North Carolina Small Business Fund recipients were Durham firms. FFVC resident Camras Vision was one of the recipients, receiving a $50,000 grant for development of an adjustable pressure control device that is inserted in eye to reduce harmful eye pressure for glaucoma patients.
Durham startups dominate NC innovation grants
By WRAL TechWire
July 7, 2015
DURHAM, N.C. — Seven of 11 One North Carolina Small Business Fund recipients of its latest awards totaling $544,967 were Durham firms, according to the NC Department of Commerce.
“North Carolina faces tremendous competition from other states who want our budding high-growth, high-wage companies,” said Governor McCrory. “These grants help keep North Carolina in the race for our next home-grown success story,” he said in a statement.
Recipients of One North Carolina Small Business Fund grants must first have been awarded a highly competitive federal Small Business Innovation Research (SBIR) or a Small Business Technology Transfer (STTR) award. Funders of these awards for this round of grantees include the National Institutes of Health, the National Science Foundation, the Special Operations Command (Department of Defense) and the U.S. Army. The state matches up to half the federal money, with a $50,000 maximum per grant. The budget for this program is $2.5 million for Fiscal Year 2015.
Grant recipients include:
Affinergy, of Durham: $50,000 for a test measuring the hormone hepcidin responsible for regulating iron concentration levels in blood, thereby helping to diagnose renal disease, cancer, inflammatory diseases, and heart disease.
Akoustis Inc. of Cornelius: $50,000 for the development of more efficient and effective components for mobile devices.
Camras Vision, Inc. of Durham: $50,000 for development of an adjustable pressure control device that is inserted in the eye to reduce harmful eye pressure of glaucoma patients.
Corvid Technologies, of Mooresville: $50,000 for new military vehicle armor that is stronger, cheaper, less conspicuous and lighter.
Edison Agrosciences of Durham: $45,000 to develop a new DNA transfer method for easier, cheaper gene manipulation of plants.
Kepley Biosystems Inc. of Greensboro: $50,000 for a commercial non-fish crab and lobster lure, thereby saving fish stocks, the source of existing lures.
Keranetics of Winston Salem: $49,967 to create local application of pain medicine to combat burns, freeing soldiers from current oral, addicting pain killers.
TriboFilm Research, Inc. of Raleigh: $50,000 for an improved silicone lubrication system for pre-filled syringes, reducing silicone contamination during medicine delivery.
Xintek Inc. of Durham: $50,000 for a high-resolution three-dimensional dental X-ray imaging system with low ray dose and cost.
Zen-Bio Inc. of Durham: $50,000 to use adult “brown fat” (Brown Adipoxyte Tissue) to manipulate metabolism to fight obesity and related diseases.
Roundtable Analytics of Durham: $50,000 to develop decision-support software that improves emergency department performance.
Dr. Thomas Bohrmann, co-founder of Roundtable Analytics, said in a statement that “One NC matching funds have enabled our team to remain focused on innovation. These funds have allowed us to tackle high-risk, high-reward challenges that, once solved, will improve emergency departments nationwide.”
For more information about the One North Carolina Small Business Fund and how to apply and qualify for the grants, visit the N.C. Board of Science and Technology’s website at http://www.nccommerce.com/sti/ (link is external)
Read more at http://wraltechwire.com/durham-startups-dominate-nc-innovation-grants/14759727/#CHMtPer0jIwvud7z.99