Small Business Innovation Research Program Provides Seed Funding for R&D
Indianapolis, Indiana, June, 26th, 2017 – CGeneTech, Inc., Indiana based small business collaborated with Michigan Technological University and has been awarded a National Science Foundation (NSF) Small Business Technology Transfer (STTR) grant for $225,000 to conduct research and development (R&D) work on Non-Chromatographic Technique for Synthetic Oligodeoxynucleotide Purification.
We are looking to build a cost effective way to purify Synthetic DNA in a much easier and safe cost saving way. As a result, we have helped reduce the use of hazardous solvents. It will decrease waste, costs and improve lab safety and the environment. Commercialization of the purification technology will have a high impact on research topics such as molecular biology, food, medicine, energy, nanotechnology, defense and national security.
“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
We anticipate offering a low cost and highly efficient purification technique to help the Synthetic DNA related academic labs and industry to achieve boosted performance and results.
Once a small business is awarded a Phase I STTR grant (up to $225,000), it becomes eligible to apply for a Phase II grant (up to $750,000). Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.