America’s Seed Fund Powered by NSF Provides Funding for R&D; Helps small businesses move innovations out of the lab and into the market
Laramie, WY, October 31, 2018 – Teton Composites has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant for $739,183 to commercialize innovative technology by conducting research and development (R&D) work on simulation for structural integrity of as manufactured 3D printed parts. Advancing the adoption of 3D printing for manufacturing has enormous benefits based on the notion of distributed manufacturing, where structural parts may be manufactured onsite, meeting on-demand needs while eliminating transportation costs and inventory storage. Unique, one-off prints, such as may often occur in the medical industry are another virtue of 3D print technology.
Although 3D printing is entering the mainstream of manufacturing technology, a glaring gap in advancing the industry faster and further is the simulation of the performance of an as manufactured part. Teton’s software aims to accelerate this disruptive manufacturing technology by allowing engineers and designers to predict structural performance, prior to attempting a build.
The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of Division of Industrial Innovation and Partnerships at NSF. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
“The funding provided by the NSF-SBIR Program is critical to the development of our software technology,” notes Mike Kmetz, CEO. “We are thrilled to partner with America’s Seed Fund as they assist with validation of our technology while helping to advance our commercial vision.”
About the National Science Foundation's Small Business Programs: America’s Seed Fund powered by the National Science Foundation (NSF) awards nearly $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $1.5 million in non-dilutive funds to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. Small businesses with innovative science and technology solutions, and commercial potential across almost all areas of technology are encouraged to apply. To learn more about the NSF SBIR/STTR program, visit: seedfund.nsf.gov.