Alabama Innovation Corporation gives 30 small companies $4.5M in grants

Alabama Innovation Corporation gives 30 small companies $4.5M in grants

By MARY SELL, Alabama Daily News

A company in Bayou la Batre is attempting to turn shrimp shell waste into replacements for plastics.

Another in Birmingham wants to eliminate ineffective chemotherapy cancer treatments and reduce the time needed and cost of treatments.

In Huntsville, a business is developing better, less expensive materials to use in space.

525 Solutions, Inc., CerFlux, Inc. and Nexolve Holding Company are among 30 small businesses to receive a combined $4.5 million in grants from the Alabama Innovation Corporation.

The Alabama Innovation Corporation was created by the Legislature in 2021 to “create a more resilient, inclusive and robust economy to remain competitive in a twenty-first century world.” Its grant program aims to advance Alabama’s economy by boosting research and commercialization efforts, developing exportable products and creating high-wage jobs, according to a press release.

The program gives funds up to $250,000 to Alabama-based companies that have been granted Phase I or Phase II awards through the Federal Small Business Innovation Research Program or Federal Small Business Technology Transfer Program.

Nine of the companies receiving grants are women- or minority owned

“Thanks to the collaborative efforts of the Alabama Legislature and our state’s innovation ecosystem, we have the opportunity to connect forward-thinking entrepreneurs and innovators who are looking to make a difference across the state – from Huntsville to Bessemer to Mobile–  with the capital they need to thrive,” Dave King, former Dynetics Group president and Alabama Innovation Corporation board member, said in a written statement. “Through this program, our goal is to not only provide support to Alabama businesses but, more specifically, to those who need it most, including those led by minorities, women or Alabamians located in underserved areas.”

Innovate Alabama Supplemental Grant Program award winners announced this week are:

  • 525 Solutions, Inc., Tuscaloosa/Bayou la Batre;
  • Accelerate Wind, Inc, Birmingham;
  • AeroNeph Therapeutics, Inc., Birmingham;
  • AI Metrics, LLC, Birmingham;
  • American Renewable Metals, LLC, Bessemer;
  • AVNIK Defense Solutions, Inc., Huntsville;
  • BioGradMatch, Tuscaloosa;
  • CerFlux, Inc., Birmingham;
  • CFD Research Corporation, Huntsville;
  • Clarity, LLC, Mobile;
  • EH Group, Inc., Tuscaloosa;
  • Endomimetics, LLC, Birmingham;
  • EngeniusMicro, Huntsville;
  • FreEnt Technologies, Inc., Huntsville;
  • Gene Capture, Inc., Huntsville;
  • MRIMath, LLC, Birmingham;
  • Nanoxort, LLC, Auburn;
  • Nexolve Holding Company, Huntsville;
  • Ossillate, Inc., Auburn;
  • Outpost Technologies, LLC, Huntsville;
  • Polaris Sensor Technologies, Inc, Huntsville;
  • Reliant Glycosciences, LLC, Birmingham;
  • Reliant Technologies, Inc., Huntsville;
  • Serina Therapeutics, Inc., Huntsville;
  • Streamline Automation, LLC, Huntsville;
  • Sunfire Biotechnologies, LLC, Birmingham;
  • Trac9, LLC, Huntsville;
  • Trialtus Bioscience, LLC, Birmingham;
  • TruSpin Nanomaterial Innovation, Inc., Birmingham;
  • Zeus Research and Technology, Inc. Huntsville.

The Alabama Legislature allocated an additional $5 million for the 2023 fiscal year to provide a second round of grant funding. Applicants must have a Phase I or Phase II SBIR or STTR grant that was active on or after July 1, 2022. The application portal is expected to reopen in 2023.

Today and tomorrow there is a free, virtual workshop to teach small businesses how to submit an application for SBIR and STTR federal awards.