Small Business Innovation Research Program Provides Seed Funding for R&D
Mesodyne, Inc has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $224,362 to conduct research and development (R&D) work on a scalable photonic crystal fabrication process for mesoscale fuel to electricity conversion.
“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
“We are thrilled to receive this award from the National Science Foundation which will accelerate our technology’s transition from the lab into the hands of real users.” – Dr. Veronika Stelmakh, CEO and cofounder.
Once a small business is awarded a Phase I SBIR/STTR grant (up to $225,000), it becomes eligible to apply for a Phase II grant (up to $750,000). Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.
Read more about this award for CRI Cohort 2 Innovator Veronika Stelmakh and her company: