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20 Kentucky firms share $1.9 million from state to match federal SBIR-STTR awards

manufacturing.

The companies are ECM Biosciences and customKYnetics, both of Woodford County; Sequela, of Oldham County; Wilsons Cedar Point Farms, of Pulaski County; Oraceuticals, Lumenware, Adaptive Intelligent Systems, ParaTechs, Mersive Technologies, Topasol, Neathery Technologies, and Advanced Dynamics, of Fayette County; and Naprogenix, Potentia, SureGene, ApoImmune, SCR, Regenerex, Hosting.com and Scout Diagnostics, of Jefferson County.

Companies eligible for the matching funds must be located in Kentucky or commit to relocating to Kentucky within 60 days, after which they can begin receiving the matching grant. The companies must also agree to remain in Kentucky for at least five years.

Advanced Dynamics Inc., a high-tech start-up from Utah, is the first to move to Kentucky. The company specializes in integrated and high-fidelity modeling and simulation for aerodynamics, structural mechanics, and other applications.

The Cabinet for Economic Development, through its Department of Commercialization and Innovation (DCI), is managing the program, which is being administered under contract to DCI by the Kentucky Science and Technology Corporation.

This innovative program is a perfect example of the type of outside-the-box thinking that will enhance and grow Kentuckys new economy, said Economic Development Cabinet Secretary John Hindman. It shows we are committed to supporting our high-tech small businesses as Kentucky moves toward a more knowledge-based, high-tech economy.


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Contact: Paul Boisvert
Paul.Boisvert@ky.gov
502-564-7670
Kentucky Cabinet for Economic Development
25-Jul-2007


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