Companies from Rome and Binghamton are among 25 New York–based businesses awarded a total of more than $3 million in grants through the third round of the innovation matching grants program from Empire State Development’s Division of Science, Technology and Innovation (NYSTAR).
The initiative, launched in May 2024, is part of NYSTAR’s ongoing effort to support the growth of small businesses and the development of cutting-edge technologies in New York State, ESD said in its Wednesday announcement. NYSTAR has received more than 130 applications since the program’s inception, awarding 60 businesses a nearly $7.8 million to-date.
“Innovation is happening in every corner of New York State,” Hope Knight, president, CEO & commissioner said in the announcement. “By providing additional funds to these homegrown projects in high-growth industries, we’re accelerating the kind of technological and economic progress that will benefit all New Yorkers.”
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The third-round awardees represent several strategic technology areas, including additive/manufacturing technologies, artificial intelligence, energy storage/battery technologies, and life sciences/biotechnology. Companies that received funding from the federal government’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs were eligible for NYSTAR matching grants up to $200,000.
The Innovation Matching Grants program ensures that SBIR- and STTR-supported projects in New York State receive additional support for commercialization services not covered by their federal awards, such as marketing and legal assistance. Awards are conditioned on the successful SBIR/STTR federal award and negotiation and execution of a grant-disbursement agreement.
Grant award recipients
The grant award recipients include the following Upstate companies, along with 12 from New York City, 3 from the Capital Region, 2 from Long Island, and 2 from Western New York.
ANDRO Computational Solutions, LLC of Rome (Mohawk Valley)
Anova Biomedical, Inc., which is listed on the website of Cornell University’s Center for Life Science Ventures (Southern Tier)
BiRed Imaging, Inc. (Finger Lakes)
KLAW Industries, which is located in the Koffman Southern Tier Incubator at 120 Hawley St. in Binghamton (Southern Tier)
Mission Power is a Potsdam company with a website that describes the firm as focusing on “Revolutionizing electronics to make clean power more reliable efficient and profitable.” (North Country)
Natrion, Inc., which has locations in the Koffman Southern Tier Incubator in Binghamton and in Champaign, Illinois (Southern Tier)
