State officials on Wednesday announced the recipients of the most recent round of funding for high-tech small businesses.
Seven Kentucky-based companies will share nearly $1.8 million in state funding as part of a program that matches two federal grant programs up to a certain amount.
This round of state awards comes on top of more than $2.4 million in federal funding to the firms, according to state officials.
Kentucky is the only state to match both phases of the federal Small Business Innovation Research and Small Business Technology Transfer programs. The state offers up to $150,000 for Phase 1 federal awards for the grants and up to $500,000 a year for Phase 2 federal awards.
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The state has awarded $20.5 million to date to 52 Kentucky companies. Ten companies have moved to the state to receive the money.
Central Kentucky companies announced as recipients Wednesday were:
■ nGimat Co., which moved from Georgia to Lexington. It uses nanotechnology in next-generation lithium-ion automotive batteries.
■ Orthopeutics Inc., which moved from Texas to Lexington, is developing a non-surgical treatment for degenerative disc disease and associated lower-back pain.
■ 3H Co. LLC of Lexington is developing technology that captures and stores carbon dioxide underground to help reduce greenhouse gas emissions from coal-fired power plants.
■ Vindico NanoBio Technology Inc. of Lexington is developing a synthetic blood substitute that can be administered to patients and help reduce blood shortages.
■ Advanced Dynamics Inc. of Lexington is developing software that enables more accurate designs of aircraft wings and rotor blades.
Other companies receiving awards were Advanced Genomic Technology LLC of Louisville and Talon Technologies of Covington.