A small business in Ottawa Hills will receive funding to conduct research and development. U.S. Sen. Sherrod Brown (D-OH) announced that Integrated Sensors, LLC will receive $999,876 through the U.S. Department of Energy's Small Business Innovation Research (SBIR) grant program.
"Small businesses are the engines of our nation's economy, creating nearly two-thirds of new jobs," Brown said. "With the help of SBIR grants, innovators and entrepreneurs at companies across Ohio and our country are helping to develop clean energy technology, create life-saving medical devices, and take other technological strides that will change and improve American lives."
According to the U.S. Department of Energy, Integrated Sensors will use the funding for its "High-Performance Plasma Panel Based Micropattern Detector" project. The detector is proposed for a variety of applications in nuclear physics, including low to medium energy ion beam research.
Brown pushed for the renewal of the SBIR program, which cleared the Senate in December 2011 as an amendment to the National Defense Authorization Act of 2011. SBIR is a competitive program that encourages American-owned and independently operated small businesses to reach their technological potential by awarding them crucial funds to aid in a technology's startup and development stages. Together with the Small Business Technical Transfer (STTR) program, the SBIR program has delivered more than $233 million to more than 240 Ohio small businesses to develop innovative technologies and grow and create jobs over the previous three decades.
Including qualified small businesses in the Research and Development (R&D) arena fosters high-tech innovation, creates jobs, and boosts our nation's entrepreneurial spirit as it meets its specific research and development needs.
SBIR specifically targets the entrepreneurial sector because the risk and expense of conducting serious R&D efforts are often beyond the means of many small businesses.