Forty companies share in $9 million awarded under LaunchTN’s SBIR and STTR Matching Fund program
As is typically the case, one-half or more of the recipients are based in East Tennessee.
Ahead of the “3686” event that starts on Monday, Launch Tennessee (LaunchTN) made 40 technology-based companies across the Volunteer State happy as it distributed $9 million in awards through its FY25 Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Fund program.
This vital initiative, now in its eighth year, has become a cornerstone of Tennessee’s thriving technology and innovation landscape. This year, the program saw an impressive $13.4 million in demand, highlighting the growing research and development (R&D) landscape within the state.
“The consistent demand for the SBIR/STTR Matching Fund underscores its critical role in supporting Tennessee’s innovation economy,” LaunchTN Chief Executive Officer Lindsey Cox said. “It’s time to make a sustained and continued investment in this program, which has proven itself as an invaluable resource for our companies and delivers great ROI (return on investment) for our state. The SBIR/STTR Matching Fund has been instrumental in building the vibrant entrepreneurial community we see today, and its continued support will be vital for future growth and success.”
As is usually the case, one half or more of the companies call East Tennessee home. This year, it was exactly one-half of the 40. They were: EarthEn Energy Inc.; Ce-Ri-SS Materials LLC; Sentinel Devices LLC; Endeavor Composites Inc.; SkyNano; Winter Innovations; Ultrasonic Technology Solutions; Eonix LLC; Holocene Climate Corporation; Daxor Corporation; Cinco Research Corporation; perseus materials; Veracity Nuclear LLC; FC Renew LLC; Safire Technology Group Inc.; Eden Concepts; Statheros; eSpin Technologies Inc.; CrossLink Composites Inc.; and Whisper Aero.
Recipients from the other grand divisions of Tennessee were:
- Middle Tennessee: Pedia-Dose; Vibronyx Inc.; Arena Labs; RTT; Robotic Technologies of Tennessee; Decode Health; EndoTheia Inc.; Enexor BioEnergy; Amalgamated Vision LLC; ARCS Aviation; VoluMetrix LLC; Covert Defenses LLC; Yaya Scientific LLC; Reliable MicroSystems; and Infusense.
- West Tennessee: Glanris Inc.; Oak Ridge Therapeutic Discovery LLC; Immuno Technologies Inc.; SEAK Therapeutics LLC; NeuroDyne Inc.; and Tavo Biotherapeutics Inc.
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