Three Maryland companies are among a select group of small businesses that will receive nearly $3.3 million in grants from the U.S. Commerce Department’s National Institute of Standards and Technology (NIST). The grants aim to foster innovation and competitiveness in small businesses through federal research funds.
The funding comes from NIST’s Small Business Innovation Research Program, which supports advanced research in the fields of science and engineering. The program bridges the gap between research ideas and physical prototype for smaller companies without the extensive capital to do so on their own. SBIR boasts great success over the years, with participants making influential developments in technology.
The competitive selection process required awardees to submit proposals on products that solved technology challenges, specifically in the fields of manufacturing, cybersecurity and technology. Recipient’s proposals pushed the technology envelope by offering innovative solutions to challenges in various industries.
Maryland companies represent three of the 19 recipients for these competitive grants.
Weinberg Medical Physics LLC in Bethesda will receive $298,706 in Phase 2 funding, after receiving Phase 1 funding last year. They are creating an automated manufacturing process that would cut costs of magnetic resonance imaging (MRI) while also increasing accuracy and reducing patient side effects.
Z-senz LLC is a tech company based in Gaithersburg that is also a repeat recipient—the company received $100,000 in Phase 1 funding last year. They were awarded $300,000 in Phase 2 funding for the development of a high performance scanning lens with uses in microscopy, endoscopy, ophthalmology, scanning displays and laser machining.
Based in Rockville, Automated Precision Inc. is a first-time recipient with a $98,750 grant in Phase 1 funding. The company’s research focuses on a noncontact measuring technique for use in the defense, energy, aerospace and automobile industries. The technique measures high speed 3-D scanning during surface inspections, which cuts manufacturing costs and can reduce waste.
The post Three MD Companies Receive NIST Innovation Grants appeared first on MDBIZNews.
from https://mdbiznews.commerce.maryland.gov/2016/07/three-md-companies-receive-nist-innovation-grants/
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