Seven small businesses in Wisconsin will receive up to $675,000 in grant money to commercialize their innovations.
The funding comes from Small Business Innovation Research Advance, a federal program. SBIR Advance, the Wisconsin Economic Development Corp. and the Center for Technology Commercialization began collaborating on the grant program in 2014.
Of the businesses awarded, six will receive up to $100,000 and one will receive up to $75,000.
BiaCure Therapies, Calimetrix, Groupware Technologies, Regenerative Medical Solutions, Sativa Building Systems, Steam Instruments and Varizymes Corporation have all been awarded.
“The SBIR Advance program is an example of the Wisconsin Idea in action —that state government and the Universities of Wisconsin should work together for the benefit of the entire state — and beyond,” John W. Miller, secretary and CEO of WEDC, said in a statement. “Through the SBIR Advance program, the Universities of Wisconsin and WEDC provide the needed resources to support startups and give them the opportunity to remove the gaps between innovation, customers, investors, and ultimately success for Wisconsin.”
