The Utah Science Technology and Research initiative has awarded 12 companies funding for the pilot round of its Technology Acceleration Program. Awardees span the state’s targeted technology sectors from energy and clean tech to life sciences, automation and robotics, and advanced materials.
A competitive funding program for Utah-based science and technology startups and early stage companies, the purpose of TAP is to accelerate science and technology companies to market entry, or to mature a new technology within an existing company.
“As a technology economic development engine for Utah, USTAR’s goal is to accelerate the growth of the technology economy throughout the development pipeline, from invention through product development,” said Ivy Estabrooke, executive director for USTAR. “TAP provides a forum to addresses and tackle market gaps in technology development.”
Awardees for this round include: Applied Biosensors, Salt Lake City; Benergy, St. George; Farhang Wireless, Salt Lake City; G3 Engineering, Salt Lake City; Helidyne, St. George; Inertial Sense, Salem; KP Biosciences, Orem; Knudra Transgenics, Murray; Pollen Sense, Castle Dale; T3S Technologies, Salt Lake City; Turner Innovations, Orem; and Veritas Medical, Salt Lake City.
“We were pleased to receive a large number of proposals,” said Estabrooke. “Competitive proposals received far outnumbered the budget allocated for the program pilot.”
The fiscal year 17 round of TAP will be announced this fall and will be followed by an open information session about the TAP application, judging and award process. For more information and forthcoming details, visit http://ustar.org/what-we-do/
