Fundraising Fox

Food and Drug Administration (FDA)

Grant agency

✨ Fox Verdict
Sign up to see your fit

Investment thesis

A small SBIR program funding regulatory-science and food-safety technology.

SBIR/STTR awards Β· non-dilutive funding

Federal grants and contracts to small businesses β€” no equity taken. Awards on record 2004–2023.

Awards
94
Companies funded
63
Total awarded
$26.9M
Median award
$150K

75 Phase I Β· 19 Phase II Β· most-funded states: CA, TX, MA, AR, PA

Recent awardeesPhaseYearAmount
TRIPLE RING TECHNOLOGIES INCNewark, CAPhase II2023$661.8K
TRIPLE RING TECHNOLOGIES INCNewark, CAPhase I2023$199.4K
Sonata ScientificDanbury, CTPhase II2023$591K
BIOINFOEXPERTS LLCThibodaux, LAPhase I2023$295.9K
En Solucion IncWilmington, DEPhase I2023$295.9K
FANNIN PARTNERS LLCHouston, TXPhase I2023$200K
TRIPLE RING TECHNOLOGIES INCNewark, CAPhase I2022$198.9K
VENARUM MEDICAL LLCFair Haven, NJPhase II2022$831.5K
NANOHMICS INCAustin, TXPhase II2022$793K
NANOHMICS INCAustin, TXPhase I2022$259.6K
THERAFLUOR, INC.Eugene, ORPhase I2022$259.6K
En Solucion IncWilmington, DEPhase I2022$259.6K
Sonata ScientificBethel, CTPhase I2022$200K
ADVANCED COOLING TECHNOLOGIES INCLancaster, PAPhase I2022$200K
Apricity TherapeuticsAtherton, CAPhase I2022$168.4K
AKONNI BIOSYSTEMS INCFrederick, MDPhase I2021$168.1K
TRIPLE RING TECHNOLOGIES INCNewark, CAPhase I2021$168.1K
TRACE-ABILITY INCSanta Monica, CAPhase I2021$168.1K
FUNCTIONAL FLUIDICS INC.Grosse Pointe Park, MIPhase I2020$168.1K
En Solucion IncWilmington, DEPhase II2020$2.2M
NANOHMICS INCAustin, TXPhase I2020$168.1K
RPRD Diagnostics, LLCWauwatosa, WIPhase I2020$168.1K
CFD RESEARCH CORPORATIONHuntsville, ALPhase I2020$168.1K
Apricity TherapeuticsAtherton, CAPhase I2020$168K
VENARUM MEDICAL LLCFair Haven, NJPhase I2020$167.6K
Applied BioMath, LLCWinchester, MAPhase I2019$150K
CFD RESEARCH CORPORATIONHuntsville, ALPhase II2019$999.9K
LOOKIN, INC.Los Angeles, CAPhase I2019$150K
HC SIMULATION LLCCanton, MSPhase II2018$441K
TRUMEDICINES LLCSammamish, WAPhase I2018$225K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are non-dilutive β€” the agency takes no equity.

Instruments
Grants
Tracked investments
32

What they invest in

from 17 of 32 portfolio companies

Biotech Γ—8Deep Tech Γ—8Healthtech Γ—6Hardware Γ—5Digital Health Γ—4AgTech Γ—2AI & Machine Learning Γ—2Medical Devices Γ—2

HQs:United StatesΓ—11

Investments Β· 32 tracked

founders shown can be your intro path

By year:2023 Β· 12022 Β· 12021 Β· 32020 Β· 32019 Β· 12018 Β· 22017 Β· 32016 Β· 42015 Β· 321 dated

3DP Security Inc3dpsecurity.comSep 2017 Β· $65.3K
ADVANCED COOLING TECHNOLOGIES INC1-act.comin𝕏Sep 2022 Β· $200K

Advanced Cooling Technologies (ACT) develops, engineers, and manufactures thermal management products and provides related services including product development, manufacturing, and post-delivery support such as spare parts, repairs, and field servicing.

Advanced ManufacturingDeep TechHardware

Akonni Biosystemsakonni.cominSep 2021 Β· $168.1K

BiotechFredrick, US

Charles Daitch(Executive Officer, Director)Jon Davis(Executive Officer)George Rudy(Executive Officer)Jennifer Reynolds(Executive Officer)Darrell Chandler(Executive Officer)

BoardTom McMahon(Director)

Applied BioMathappliedbiomath.comin𝕏Sep 2019 Β· $150K

HealthtechWinchester, US

John Burke(Manager)Joshua Apgar(Manager)Andrew Sutherland(Manager)Vihann Kong(Manager)

BoardPeter Sorger(Manager)

Biodetection Instruments, Incbiodetection-instruments.comSep 2015 Β· $1M
BIOINFOEXPERTS LLCbioinfox.comin𝕏Sep 2023 Β· $295.9K

BioInfoExperts provides pathogen genomics services including genetic characterization, molecular research, experimental design, and pathogen sequencing analytics for research teams.

AI & Machine LearningBiotechDigital HealthAlachua, US

BIOO SCIENTIFIC CORPORATIONbiooscientific.com
BOULDER NONLINEAR SYSTEMS, INC.bnonlinear.com
CFD RESEARCH CORPORATIONcfd-research.cominSep 2016 Β· $1.3M

CFD Research is a private company recognized on the Inc. 5000 list of America's fastest-growing private companies.

Deep Tech

Companion Sciences, Inc.companionsciences.comApr 2017 Β· $150K
EIC LABORATORIES, INC.eiclabs.com
Functional Fluidicsfunctionalfluidics.comin𝕏Sep 2020 Β· $168.1K

Functional Fluidics is a CLIA-certified diagnostic lab offering proprietary red blood cell function biomarker assays, starting with Sickle Cell Disease.

BiotechDigital HealthHealthtechMedical DevicesDetroit, US

Patrick Hines(CEO & Founder)Dr. Hines(Founder)John Cunningham(Chief Operating Officer)

Co-investorsID VenturesMichigan RiseNYBC VenturesSeae VenturesWavemaker Three-Sixty Health

H2Optx Inch2optx.comSep 2017 Β· $65.3K
Innovaprepinnovaprep.com𝕏

BiotechDrexel, US

David S Alburty(Executive Officer, Director)Kathleen Ruegsegger(Executive Officer, Director)Andrew E Page(Executive Officer, Director)

BoardMichael Heckman(Director)Paul Bertrand(Director)

LYNNTECH INC.lynntech.comin𝕏

Lynntech is a research and development company whose scientists and engineers create technologies across areas including artificial intelligence, medical diagnostic devices, hybrid energy systems, biomedical therapies, defense safety and training, and additive manufacturing.

Deep TechDefense TechMedical Devices

NANOHMICS INCnanohmics.comin𝕏Sep 2020 Β· $1.2M

Nanohmics develops a chip-scale snapshot hyperspectral image sensor that integrates into standard COTS imaging systems with minimal size, weight, and power impact.

Deep TechHardwareSemiconductors

Optivia Biotechnology Inc.optiviabio.com
Optofluidicsopfluid.comSep 2015 Β· $1.6M

Philadelphia, US

Bernardo Cordovez(Executive Officer)Robert Wicke(Executive Officer, Director)Robert Hart(Executive Officer)

PHOEBUS OPTOELECTRONICS LLCphoebusopto.comSep 2016 Β· $77.8K

Phoebus Optoelectronics develops advanced electromagnetic and optical technologies, offering custom design, simulation, and materials/device R&D in metamaterials, photonic crystals, and plasmonic crystals across visible, infrared, THz, and microwave ranges for applications such as solar cells, infrared imaging, sensors, and antennas.

Deep TechHardwareNew Materials

QUANTASPEC, INC.quantaspec.com
RPRD Diagnostics, LLCrprdx.comin𝕏Sep 2020 Β· $168.1K

RPRD is a CAP- and CLIA-certified laboratory that develops and offers pharmacogenomic (PGx) testing designed to be inclusive across races and ethnicities, helping clinicians tailor drug prescriptions to a patient's genetic profile.

BiotechDigital HealthHealthtech

Ulrich Broeckel(Founder and CEO)

SafeTracessafetraces.comin𝕏Sep 2016 Β· $1.1M

SafeTraces develops technology to measure and verify indoor air quality and ventilation performance, aimed at ensuring air safety in indoor environments.

BiotechCleantechDeep TechHardwareHealthtechPleasanton, US

Ulrike Hodges(Director)Antonios Zografos(Executive Officer, Director)John Kraus(Director)Rob Veres(Director)

Co-investorsCity LightS2G Investments

SAMPLE6 TECHNOLOGIES, INC.sample6.cominSep 2015 Β· $150K

IEH provides laboratory testing services for food safety, offering expedited sample analysis and quality assurance to companies across the food industry.

BiotechFoodTech

SENSOR DEVELOPMENT CORPORATIONsensordevelopmentcorp.com

Sensor Development Corporation develops sensor-based systems for real-time insect detection and breath analysis.

AgTechDeep TechHardware

TDA RESEARCH, INC.tda.com

TDA Research Inc. is a research and development company that develops commercial products and technologies across the defense/aerospace, medical, materials, and energy industries, bringing them to market through direct sales, distribution agreements, spin-off companies, and licensing.

Deep TechEnergyNew MaterialsGolden, US

TRACE-ABILITY INCtraceabilityinc.comSep 2021 Β· $168.1K
TREVIGEN, INC.trevigen.com
Triple Ring Technologiestripleringtech.cominSep 2021 Β· $1.2M

Newark, US

Joseph Anthony Heanue(Executive Officer, Director)Brian Patrick Wilfley(a Director prior to November 23, 2015)Lester John Lloyd(a Director prior to November 23, 2015)Augustus Percival Lowell(a Director prior to November 23, 2015)Philip Henry Devlin(Executive Officer)Muslim Tyebjee(Executive Officer)

Co-investors1315 Capital

TROPHOGEN INCtrophogen.com

Trophogen is a biotech company using a protein engineering platform to develop long-acting, more potent superagonist analogs of glycoprotein hormones and growth factors (including FSH, TSH, and VEGF analogs) for human and animal health.

AgTechBiotechHealthtechRockville, US

TRUMEDICINES LLCtrumedicines.cominSep 2018 Β· $225K

TruMedicines makes TelePack, a device with an 8-inch touchscreen that combines video conferencing, AI-driven personalized medication management, and 24/7 avatar-based health coaching for patients managing their medications at home.

AI & Machine LearningDigital HealthHealthtech

Vasanta Health Science LLCvasantahealth.comSep 2016 Β· $148K
VisuGen Global, LLCvisugenglobal.comSep 2018 Β· $150K