Rochester, Minnesota (KTTC) – The Department of Employment and Economic Development of Minnesota (DEED) announced Tuesday that Launch Minnesota has provided nearly $ 440,000 in grants to 17 local startups, two of which are in Rochester.
17 local startups also won more than $ 8 million in federal funding for Small Business Innovation Research and Small Business Technology Transfer (SBIR / STTR).
Of the 17 grantees, 10 are BIPOC companies or women and / or located in Greater Minnesota.
“We believe in the importance of developing these technologies, so MN-DEED is financially supporting the Minnesota SBIR / STTR accelerator and startups through our innovation grants,” said Kevin McKinnon, DEED’s Deputy Commissioner for Economic Development.
Startups have received support from Minnesota SBIR / STTR Accelerator ™, which is a designated Minnesota resource to help SBIR / STTR. The Minnesota Accelerator SBIR / STTR provides free hands-on experience and technical assistance to startups and small businesses to access this funding. It provides funding from the U.S. Small Business Administration, MN-DEED, and other private and academic partnerships.
“These businesses have undergone a very competitive and rigorous technical and commercialization assessment at the national level to obtain funding,” said Pat Dylan, founder and CEO, Minnesota SBIR / STTR Accelerator.
Through an award-based competitive program, SBIR and STTR help small businesses explore their technological potential and provide an incentive to profit from commercialization.
All 17 SBIR / STTR Award winners and their locations include:
Radwave Technologies (Saint Paul): Development of an electromagnetic navigation system that provides accurate tracking of objects for advanced surgical procedures.
LifEngine Animal Health Laboratories (Rochester): Use of gene editing technology to reprogram living cells for use as a cancer treatment in animals.
Inkit (Minneapolis): Development of a simplified automated process to automatically create paperless PDF documents on a scale.
Advisory Aerospace OSC (Minnetonka): Develop a plug-in and use production planning optimizer for aerospace manufacturers using their current data streams.
Fybraworks Foods (Saint Paul): Development of a fermentation-based meat alternative that more mimics the taste and texture of animal meal using recombinant protein technology.
Ability Interactive (Eagan): Development of a new computer-based assessment tool to improve outcomes in mild cognitive impairment and Alzheimer’s disease clinical trials.
SuraMedical (Minneapolis): Development of an innovative wound healing monitoring system that allows real-time monitoring.
Darcy Solutions (Excelsior): Development of a new method for storing and recovering thermal energy in shallow surfaces using an innovative geothermal heat pump.
GogyUp (Minneapolis): Development of assistive reading technology to enhance patients’ ability to understand, manage, and communicate information about chronic diseases.
MineraLogic (Duluth): Research and development of a new tool and method of predictive modeling to determine object-specific data to help companies optimize extraction projects to increase CO2 sequestration.
TFWireless (Minneapolis): Development of a new wireless technology based on physical (PHY) unstamped codes.
Xanthos Health (St. Paul): Develop and test a new mobile health information technology with the support of electronic medical records (EHR).
COHI Group (Arden Hills): Research and development of an in-depth learning algorithm and otoscope that parents can use at home to diagnose ear infections in children.
Conway Medical (Rochester): Development of a new large thrombectomy system suitable for transradial access.
AdvancedCPR Solutions LLC (Edina): Research and development of new resuscitation technologies.
CD3 (Saint Paul): Development of a biosensor for use in aquaculture to detect target aquatic pathogens of customers.
Rowbot Systems (Minneapolis): Development of a new artificial intelligence technology that allows farmers to optimize the application of nitrogen fertilizers based on field characteristics, rainfall and cultivation conditions.
For more information on grant recipients, visit here.
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