New Initiative Supplements Federal Grant Programs While Boosting Small Business Growth and Technology Development in New York State
Round 3 Winners Include Startups in the Capital Region, Finger Lakes, Mohawk Valley, Long Island, New York City, North Country, Southern Tier and Western New York
Empire State Development today announced more than $3 million in grants have been awarded to 25 New York-based businesses through Round 3 of the Division of Science, Technology and Innovation (NYSTAR) Innovation Matching Grants program. The initiative, launched in May 2024, is part of NYSTAR’s ongoing effort to support the growth of small businesses and the development of cutting-edge technologies in New York State. NYSTAR has received more than 130 applications since the program’s inception, awarding 60 businesses a nearly $7.8 million to-date.
Empire State Development President, CEO & Commissioner Hope Knight said, "Innovation is happening in every corner of New York State. By providing additional funds to these homegrown projects in high-growth industries, we’re accelerating the kind of technological and economic progress that will benefit all New Yorkers.”
The Round 3 awardees represent several strategic technology areas, including Additive/Manufacturing Technologies, Artificial Intelligence, Energy Storage/Battery Technologies, and Life Sciences/Biotechnology. Companies that received funding from the federal government’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs were eligible for NYSTAR matching grants up to $200,000. The Innovation Matching Grants program ensures that SBIR- and STTR-supported projects in New York State receive additional support for commercialization services not covered by their federal awards, such as marketing and legal assistance. Awards are conditioned on the successful SBIR/STTR federal award and negotiation and execution of a Grant Disbursement Agreement.
NYSTAR’s initiative highlights its commitment to supporting early-stage technology development and accelerating the path from research to market, which has contributed to business growth, job creation and stronger regional economies across New York.
NYSTAR Executive Director Ben Verschueren said, “We started the Innovation Matching Grants program to bridge the gap between R&D and commercialization. Awardees are using New York’s support to market their innovations, gain investor awareness, and safeguard their intellectual property, among other crucial steps that are outside the scope of their federal grants. NYSTAR is proud to offer this program as part of our larger effort to spur innovation in the Empire State.”
Round Three awardees are:
- Albacore Ocean Systems, LLC (New York City)
- ANDRO Computational Solutions, LLC (Mohawk Valley)
- Anova Biomedical, Inc. (Southern Tier)
- ARMA BIO, INC. (New York City)
- Astrabeam, LLC (New York City)
- BeamFeed, LLC (New York City)
- BiRed Imaging, Inc. (Finger Lakes)
- Brooklyn InnoSeq, Inc. (New York City)
- Calyx Systems (New York City)
- Care4QoL, LLC (Capital Region)
- ecoLong, LLC (Capital Region)
- Ergami Endoscopy, Inc. (New York City)
- Hebbian Bio, Inc. (New York City)
- iHealthScreen, Inc. (New York City)
- KLAW Industries (Southern Tier)
- Mission Power (North Country)
- Natrion, Inc. (Southern Tier)
- Nearabl, Inc. (New York City)
- Neuralenz (New York City)
- NoMIS Power Corp. (Capital Region)
- PlasmaChem Solutions, Inc. (Western New York)
- QAS.AI, Inc. (Western New York)
- Sunrise Technology, Inc. (Long Island)
- SynchroPET (Long Island)
- VoiceLove, LLC (New York City)
About Empire State Development
Empire State Development is New York's chief economic development agency, and promotes business growth, job creation, and greater economic opportunity throughout the state. With offices in each of the state's 10 regions, ESD oversees the Regional Economic Development Councils, supports broadband equity through the ConnectALL office, and is growing the workforce of tomorrow through the Office of Strategic Workforce Development. The agency engages with emerging and next generation industries like clean energy and semiconductor manufacturing looking to grow in New York State, operates a network of assistance centers to help small businesses grow and succeed, and promotes the state's world class tourism destinations through I LOVE NY. For more information, please visit esd.ny.gov, and connect with ESD on LinkedIn, Facebook and X.
About ESD’s Division of Science, Technology and Innovation (NYSTAR)
Empire State Development’s Division of Science, Technology and Innovation – known as NYSTAR – advances technology innovation and commercialization in New York State. NYSTAR offers programs that assist companies from start-up through maturity, leveraging the state’s unparalleled investment in world-class technology assets and expertise. It provides about $70 million annually in funding to support over 80 centers that provide direct assistance to New York State companies — a network of vital assets for enabling technology — and manufacturing-led growth and job creation. NYSTAR and its partners are proud to contribute to New York’s leadership in the global innovation economy. For more information, visit esd.ny.gov/nystar.
Contact:
ESD Press Office | [email protected] | (800) 260-7313