Two East TN firms only winners in latest DOE SBIR and STTR awards
Two East Tennessee companies were winners in the latest round of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants announced this week by U.S. Department of Energy (DOE) Secretary Rick Perry.
The recipients – the only winners in this round from Tennessee – were:
- E & G Associates Inc. of Chattanooga that received $149,751.27 in a Phase I grant to develop a compact material-based solution to allow high volume hydrogen storage in a small footprint, making hydrogen powered vehicles more feasible.
- PHDs Cos. of Knoxville that won a $1 million Phase II to further develop the NP Imager, a new high-resolution commercial tool to bring vision to radioisotope production processes and help maintain the U.S. DOE as a leading agency in scientific progress.
A total of 219 grants valued at $34 million were awarded to 183 small businesses in 41 states. The Phase I grants allow small businesses to research technical feasibility of innovations that advance the DOE. They are six to 12 months in duration with a median award amount of $150,000. Successful Phase I grantees will be eligible to compete for Phase II awards in fiscal year 2019 that will allow them to develop novel prototypes or processes to validate their Phase I research findings. Phase II grants have a median award amount of $1,000,000 and a duration up to two years.
Click here to see the full list of recipients.