Six Companies in the Boulder Valley to Receive DOE Research Grants

february 27 2012

Six companies in the Boulder Valley will receive grants of up to $150,000 each for research under the U.S. Department of Energy's Small Business Innovation Research program.

Tech-X Corp has won four grants, and Advanced Conductor Technologies LLC, Composite Technology Development, Droplet Measurement Technologies, Kapteyn-Murnane Laboratories and Light Foundry LLC have received one each.

The companies will use the money during the next nine months to explore the feasibility of their innovative concepts. They will then be eligible to compete for awards up to $1 million under a two-year, Phase II of research and development.

The DOE will payout about $26.4 million for the 180 projects selected from among nearly 1,000 phase I proposals submitted under its Small Business Innovation Research and Small Business Technology Transfer programs.

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