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FOR IMMEDIATE RELEASE

January 12, 2022

Oregon Innovators Receive Matching Grants from Business Oregon

Business Oregon and the Oregon Innovation Council (Oregon InC) are thrilled to announce the eleven recipients of state grants that will help these innovative small businesses leverage their federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant awards. The SBIR and STTR grant programs are federal programs designed to stimulate technological innovation and provide opportunities for small businesses to conduct research and development with commercialization potential. 

The U.S. Small Business Administration (SBA) administers the SBIR and STTR programs, which are often referred to as "America's largest seed fund." In 2020, Oregon companies were awarded nearly $45 million in SBIR/STTR awards. SBIR/STTR provides funding that doesn’t dilute ownership, preserving control and flexibility for entrepreneurs. 

However, the SBIR funding alone leaves gaps in areas critical to getting early-stage companies to the point of producing revenue and becoming viable businesses. The federal funding helps develop the product but can’t be used for many critical elements to create and scale a business. To address these gaps and increase the business’s chances of success, Business Oregon offers a matching grant program that complements the federal program, to help Oregon companies that have received these federal grants. 

Business Oregon’s funds also help better position the companies for future fundraising and growth after the federal grants are completed. The state funds can be applied to expenses that help a company stay and grow in Oregon, such as business plan development, facilities, testing equipment, production equipment, intellectual property protection, product marketing, business consulting, and more. 

A list of the businesses awarded 2022 SBIR/STTR matching grants from Business Oregon is below. 

Amorphyx specializes in making advances in thin film electronic devices for the future of displays and the new generation of flexible electronics. The grant award will be used to purchase equipment and pay for labor, lab fees, and materials to fabricate, assemble, and test prototypes. 

Grotthuss has developed a new rechargeable battery technology with breakthrough Water in Salt Electrolyte (WiSE) technology. This new technology has higher efficiency than lithium ion and provides a safer, longer-lasting option at half the price. The grant award will be used to purchase a battery pack sealer, assemble prototypes for testing, and transitioning to their second phase following prototype testing. 

Kairos Sensors is the leading provider of next generation mammography sensors that improve diagnostic accuracy. The grant award will be used for IP protection and equipment for general testing and specialty detector testing. 

Narnar is partnering with OHSU to develop a reading workstation for visualization and quantification of ultrasound studies that will empower the wider medical community to analyze studies with confidence. Patients will benefit by receiving life-saving treatments faster and avoid potentially harmful tests, all at a reduced cost. The grant award will be used for IP protection and technical assistance for their OHSU project, and to hire a business strategy consultant to assist with their business plan and partner contracts. 

Penderia Technologies is developing the next generation of orthopedic implantable devices that offer real-time monitoring of orthopedic injuries to assist physiotherapists and surgeons to provide personalized patient care. The grant award will be used to purchase equipment, materials, facilities, and supplies to fabricate devices, as well as in the cytotoxicity characterization and testing of devices. 

Phosio provides photoresist solutions for high refractive transparent thin films with low shrinkage suitable for manufacturing high aspect ratio nanostructures. They also provide high-temperature transparent adhesives for optical applications. The grant award will be used to optimize the company’s film, deposit film on glass substrates, and conduct product testing. 

Veana Therapeutics is an Oregon-based clinical stage oncology company focused on developing oral medicines that safely and effectively treat cancer patients and improve their quality of life. The grant award will provide funding towards commercialization of its flagship product, VT-101, to make it available to patients. 

Food4All is a modern ecommerce platform built specifically for local food. The platform increases small to midscale food producer sales and profitability by enabling producers to market their products to their local buying audience online, while managing inventory and orders across all sales channels. The grant award will be used to execute their communications efforts, create and update materials to attract additional funding, and create marketing assets for the company.

NexTC provides high-performance, low-cost insulator and conductive oxide coatings to manufacturers in energy conversion, energy efficiency, and electronics markets. The coatings allow customers to dramatically reduce manufacturing costs, grow markets, and introduce new products. The grant award will be used to scale the coating area to create prototype devices for customer testing and stakeholder engagement.

Pacific Diabetes developed the only device in the world that brings continuous glucose monitoring and insulin delivery together in a single through-the-skin device to simplify diabetes management and provide a marked reduction in the risks of severe low blood sugar and complications of the eyes, kidneys, limbs, and heart. The grant award will be used for IP protection, update the calibration algorithm for testing, upgrade their equipment to scale production, and attend trade shows to showcase and market the device.

Rewire Neuro is a biotech startup based out of Portland providing an AI-as-a-Service platform that integrates computer vision into partnering diagnostic devices, improving speed, accuracy, and cost of biomedical analysis. Their technology integrates highly-accurate machine learning into clinical devices to make image analysis faster, cheaper, and more consistent for academic researchers and clinicians, ultimately accelerating research progress and healthcare diagnostics. The grant award will be used to develop and deploy a marketing strategy to reach and increase their target market and hire staff to increase the team’s success.

More information on the SBIR/STTR grant programs can be found on Business Oregon’s SBIR/STTR Program webpage.

Contact: Amber Nabors, amber.nabors@biz.oregon.gov

 


Business Oregon, the state's economic development agency, invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy. The agency's services span rural community development and infrastructure financing; business retention, expansion and recruitment; export promotion and international trade; investments in industry research and development and entrepreneurship; small business assistance; and support for arts and cultural organizations. Learn more at biz.oregon.gov.


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