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Food and Drug Administration (FDA)

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Investment thesis

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

SBIR/STTR awards · non-dilutive funding

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

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

75 Phase I · 19 Phase II · 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
THERAFLUOR, INC.Eugene, ORPhase I2022$259.6K
NANOHMICS INCAustin, TXPhase 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
TRIPLE RING TECHNOLOGIES INCNewark, CAPhase I2021$168.1K
AKONNI BIOSYSTEMS INCFrederick, MDPhase 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
RPRD Diagnostics, LLCWauwatosa, WIPhase I2020$168.1K
NANOHMICS INCAustin, TXPhase 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 — the agency takes no equity.

Instruments
Grants
Tracked investments
32

What they invest in

from 17 of 32 portfolio companies

Biotech ×10Deep Tech ×8Healthtech ×7Defense Tech ×6Digital Health ×5Hardware ×5AI & Machine Learning ×4Medical Devices ×3

HQs:United States×16

Investments · 32 tracked

founders shown can be your intro path

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

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

ACT is a manufacturing company with over 220 employees and extensive facility operations focused on reducing environmental impact through energy conservation, recycling programs, and community sustainability initiatives.

Advanced ManufacturingDeep TechDefense TechHardwareImpact & Social GoodSpace TechLancaster, US

Scott Garner(Co-founder, Vice President of Industrial Products Group)Jon Zuo(President and Chief Technical Officer)

Akonni Biosystemsakonni.cominSep 2021 · $168.1K

Akonni Biosystems is a molecular diagnostics company that develops, manufactures, and sells integrated diagnostic systems along with nucleic acid sample preparation products.

BiotechFredrick, US

Charles Daitch(Executive Officer, Director)Jon Davis(Executive Officer)inGeorge Rudy(Executive Officer)Jennifer Reynolds(Executive Officer)inDarrell Chandler(Executive Officer)

BoardTom McMahon(Director)

Applied BioMathappliedbiomath.comin𝕏Sep 2019 · $150K

Applied BioMath (now part of Certara) provides Quantitative Systems Pharmacology (QSP) consulting services that combine computational modeling with experimental data to address drug development challenges such as first-in-human dose selection.

AI & Machine LearningBiotechDigital HealthHealthtechWinchester, US

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

BoardPeter Sorger(Manager)

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

BioInfoExperts builds software and genetic analysis services to track pathogen spread and help infection control practitioners, state contact tracers, and healthcare organizations defend against disease outbreaks.

AI & Machine LearningBiotechDigital HealthAlachua, US

Susanna Lamers(Chief Executive Officer)Rebecca Rose(Chief Technical Officer)David J. Nolan(Laboratory Director)

CFD RESEARCH CORPORATIONcfd-research.cominSep 2016 · $1.3M

CFD Research Corporation develops engineering simulations, advanced prototypes, and innovative designs for aerospace, defense, life sciences, materials, and energy sectors using software and experimental capabilities.

AI & Machine LearningBiotechDeep TechDefense TechEnergyHuntsville, US

Companion Sciences, Inc.companionsciences.comApr 2017 · $150K
Functional Fluidicsfunctionalfluidics.comin𝕏Sep 2020 · $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)inDr. Hines(Founder)John Cunningham(Chief Operating Officer)in

Co-investorsID VenturesMichigan RiseNYBC VenturesSeae VenturesWavemaker Three-Sixty Health

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

BiotechDrexel, US

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

BoardMichael Heckman(Director)Paul Bertrand(Director)

LYNNTECH INC.lynntech.comin𝕏

Lynntech provides scientific research, technology development, and prototype engineering services primarily for government-sponsored projects.

Deep TechDefense TechDeveloper ToolsEnterprise SoftwareMedical DevicesCollege Station, US

NANOHMICS INCnanohmics.comin𝕏Sep 2020 · $1.2M

Nanohmics performs collaborative and client-funded research and advanced product development in applied materials science and instrumentation, building novel sensing devices and measurement platforms for applications such as surveillance, detection, and energy conversion.

CleantechDeep TechDefense TechEnterprise SoftwareHardwareNew MaterialsSemiconductors

Optofluidicsopfluid.comSep 2015 · $1.6M

Philadelphia, US

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

PHOEBUS OPTOELECTRONICS LLCphoebusopto.comSep 2016 · $77.8K

Phoebus Optoelectronics develops advanced electromagnetic structures, metamaterials, photonic crystals, and optical systems for government and defense applications including NASA, U.S.

Deep TechDefense TechHardwareNew Materials

RPRD Diagnostics, LLCrprdx.comin𝕏Sep 2020 · $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 · $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 InvestmentsBungeOmidyar Network

SAMPLE6 TECHNOLOGIES, INC.sample6.cominSep 2015 · $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 Corp develops high-sensitivity volatile organic compound sensors for food safety, pest detection, and medical diagnostics.

AgTechDeep TechHardwareHealthtechOhio, US

C.C. Liu(Technology Advisory Board Member)Nicholas Smilanich(President & CEO)

TDA RESEARCH, INC.tda.com

TDA Research develops commercial products and technologies in defense, aerospace, medical devices, materials science, and energy sectors.

Deep TechDefense TechEnergyMedical DevicesNew MaterialsGolden, US

TRACE-ABILITY INCtraceabilityinc.comSep 2021 · $168.1K
Triple Ring Technologiestripleringtech.cominSep 2021 · $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)in

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 · $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 · $148K
VisuGen Global, LLCvisugenglobal.comSep 2018 · $150K

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

BIOO SCIENTIFIC CORPORATIONBOULDER NONLINEAR SYSTEMS, INC.EIC LABORATORIES, INC.Optivia Biotechnology Inc.QUANTASPEC, INC.TREVIGEN, INC.

Frequently asked questions

How many investments has Food and Drug Administration (FDA) made?
Food and Drug Administration (FDA) has 32 tracked investments.