SALT LAKE — The Governor’s Office of Economic Development on Thursday awarded grants to 27 Utah companies to help bring cutting-edge technologies to market.
“A strong entrepreneurial spirit lies at the heart of Utah’s economic success,” Val Hale, GOED executive director, said in a statement. “These companies are the state’s cream of the crop when it comes to innovative thinking, and we are proud to support them as they grow.”
The Technology Commercialization and Innovation Program is designed to help secure funding at critical stages of technology development. According to Hale, this year’s grant solicitation was the most competitive in the history of the program, with 130 applicants requesting funds in excess of $15 million out of $3.1 million available.
Qualified technologies may receive grants between $75,000 and $200,000, and recipients may also take advantage of mentorship opportunities and entrepreneurial curriculum.Comment on this story
The 2018 recipients include AtlasRTX, Dentavations, ETLrobot, Homemation, Incorporate Massage, Indigo Industries, Inertial Sense, IsoTruss Industries, Neiybor, Nozzle, Novi Security, nView Medical, OTEC, Pura Scents, Q Therapeutics, Recyclops, Simplicity Airway, SimplicityMD Solutions, Sixth Sensing, SNO-GO, Teaching It Right, Through The Cords, Trace, Utilisyncm, Waterbear Life Devices, Wooly and Zipbooks
The applicants were vetted through volunteer review panels made up of local industry experts. The volunteer review panels recommend awards based on technical merit, team experience, level of matching funds and potential for job creation in the state. Companies receive funding upon meeting required performance metrics, such as the completion of technical or business milestones.