26 high-tech small businesses awarded $6M by state last year

Staff, wire reportsJanuary 25, 2014 

Gov. Steve Beshear

Frankfort: Gov. Steve Beshear announced 26 high-tech Kentucky companies — a majority in Lexington — were awarded $6 million in state funds in 2013 as part of a program to support and attract technology-based small businesses to the commonwealth.

The companies are receiving funding through the state’s competitive Small Business Innovation Research and Small Business Technology Transfer Matching Funds program. Kentucky’s program matches all or part of federal SBIR-STTR awards received by Kentucky-based companies. It also provides a match to out-of-state companies, should they be willing to relocate to the state.

Since its inception in 2006, Kentucky’s SBIRSTTR program has awarded nearly $43 million to support 90 companies. These 90 businesses have leveraged an additional $76 million in federal funds and created nearly 400 jobs. A total of 28 companies moved their businesses to Kentucky for the program. Last year, of the 26 grant recipients, nine are relocating to Kentucky from as far away as Oregon.

Lexington companies receiving awards in 2013 include Alkymos Inc., Bauer Labs LLC in Lexington (relocating from Oregon), Bluegrass Advanced Materials LLC, Care Team Solutions LLC, Entrepreneurial Innovation LLC (relocating from Arizona), Direct Energy Inc. (relocating from Ohio), Mercury Data Systems Inc. (relocating from North Carolina), MultiScale Solutions Inc. (relocating from Alabama), Naprogenix Inc., nGimat LLC, Nicolalde R&D LLC (relocating from New Hampshire), NOHMs Technologies Inc. (relocating from New York), Orthopeutics LP, ScienceTomorrow (relocating from Virginia), Signal Solutions LLC, Twin Star Therapeutic Delivery Systems (relocating from Minnesota), and Vindico NanoBio Technology Inc.

Other Central Kentucky companies were Cytoinformatics LLC in Nicholasville and Enomalies LLC in Mount Vernon.

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