07 Sep SpadXTech Awarded Competitive Grant from the National Science Foundation
Small Business Innovation Research Program Provides Seed Funding for R&D
Worcester, MA, September 8th, 2023– SpadXTech has been awardeda National Science Foundation (NSF) Small Business Innovation Research (SBIR)grantfor $1,000,000 to conduct research and development (R&D) work on replacing plastics with high-performance, environmentally friendly materials composed of cellulose secreted by bacteria created with synthetic biology.
SpadXTech’s materials degrade in the environment and thus will reduce the problem of plastic waste. Production of the materials is environmentally benign and can actually sequester carbon dioxide. This technology and materials will impact the textiles, automobile, construction, and packaging industries.
“This funding is critical for SpadXTech to demonstrate our process at scale and start generating revenue. We cannot wait to see what other opportunities this funding will open up for us.” said González (Founder and CEO of SpadXTech).
Once a small business is awarded a Phase I SBIR/STTR grant (up to $275,000), it becomes eligible to apply for a Phase II (up to $1,000,000). Small businesses with Phase II funding are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.
Entrepreneurs who submit a written Project Pitch will know within about a month if they meet the program’s objectives to support innovative technologies that show promise of commercial and/or societal impact and involve an appropriate level of technical risk. Startups and small businesses with innovative science and technology solutions, and commercial potential are encouraged to apply.All proposals submitted to the NSF SBIR/STTR program, also known as America’s Seed Fund powered by NSF, undergo a rigorous merit-based review process. To learn more about America’s Seed Fund powered by NSF, visit: https://seedfund.nsf.gov/
About the National Science Foundation’s Small Business Programs: America’s Seed Fund powered by NSF awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $2 million to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $8.5 billion that supports fundamental research and education across all fields of science and engineering.