News Summary
Kentucky has distributed $750,000 in matching grants to eight companies to boost the technology sector and job creation. Among the recipients are two based in Bowling Green. These grants will support technology advancements and leverage $6.4 million in federal funds, aiming to foster innovation in healthcare and other sectors while creating high-paying jobs throughout the state.
Bowling Green – The state of Kentucky has awarded a total of $750,000 in matching grants to eight companies, including two based in Bowling Green, as part of its initiative to enhance the technology sector and promote job creation. These funds are designed to support technology advancement and leverage further federal grant funding, with the awarded businesses set to benefit from a combined $6.4 million in federal grants.
The grants are part of Kentucky’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) matching funds program, which is overseen by KY Innovation. The program aims to provide non-dilutive capital to early-stage technology companies by matching federal SBIR and STTR awards, thereby incentivizing innovation and economic growth within the state.
The eight companies named as recipients are tapping into technology to address various challenges across multiple sectors. Their projects span important advancements in cancer therapy, postpartum health recovery, and innovative solutions in healthcare screening. Each company is poised to contribute not only to technological progression but also to the overall economic landscape by creating high-paying jobs in Kentucky.
Details of Awardees
The companies receiving grants are:
- At-Home Health Station (AHS) by B.A. Maze Inc.: This initiative focuses on a technology platform for health monitoring and communication between caregivers and individuals with cognitive impairments.
- BumptUp Labs: This digital platform is designed to improve maternal and infant health by offering lifestyle modification guidance for pregnant and postpartum women.
- Caza Innovations: The company is developing a portable optical light source aimed at the optical communication market.
- Creosalus: Focused on enhancing glioblastoma therapy through innovative delivery methods.
- HeXalayer: Working on advanced manufacturing processes for graphene materials intended for use in lithium-ion batteries, catering to the Department of Defense.
- Lagrange Scientific: This company is creating a novel test to predict metastasis risk in kidney cancer patients.
- PGXL Technologies and University of Louisville Research Foundation: Collaborating to create a urine collection kit designed for detecting obstructive sleep apnea in children.
- Space Tango: Proposing a new infrastructure to increase manufacturing throughput on the International Space Station.
Impact and Significance
Since the inception of the SBIR/STTR program, Kentucky has awarded 345 match awards to 157 unique companies, successfully leveraging a total of $173.17 million in federal funding. The companies that have received these awards have collectively created over 773 well-paying jobs, with approximately 90% of these positions earning more than $50,000 annually. Furthermore, SBIR/STTR-awarded firms in Kentucky hold 240 patents and have generated over $129.6 million in sales and licensing revenue.
Nationally recognized for fostering innovation and technology-based economic development, Kentucky’s SBIR/STTR program plays a pivotal role in strengthening the state’s economic framework. The importance of creating a business-friendly environment conducive to innovation and high-wage job opportunities cannot be overstated, as emphasized by state officials.
Broader Economic Context
The announcement of these grants aligns with a broader upward trend in Kentucky’s economic growth. Since the current administration took office, the state has witnessed over 1,200 private-sector investment projects and the creation of more than 62,000 jobs. This latest round of funding supports the government’s ongoing efforts to cultivate a thriving tech ecosystem that contributes to the state’s overall prosperity.
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Additional Resources
- Lane Report: 8 Kentucky Companies Awarded Nearly $750,000
- Google Search: Kentucky technology development
- WBKO: 2 Bowling Green Companies Awarded Funding
- Wikipedia: Kentucky
- WHAS11: Kentucky Awarded $12 Million Federal Funds
- Encyclopedia Britannica: Kentucky
- Lane Report: Seven Kentucky Companies Awarded Funds
- Google News: Kentucky companies
Author: STAFF HERE BOWLING GREEN WRITER
The BOWLING GREEN STAFF WRITER represents the experienced team at HEREBowlingGreen.com, your go-to source for actionable local news and information in Bowling Green, Warren County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the National Corvette Homecoming, International Festival, concerts at SKyPAC, and sports events at Beech Bend Park. Our coverage extends to key organizations like the Bowling Green Area Chamber of Commerce and the African American Museum Bowling Green Area, plus leading businesses in automotive, apparel, and healthcare that power the local economy such as General Motors Corvette Assembly Plant, Fruit of the Loom, and Med Center Health. As part of the broader HERE network, including HERELexingtonKY.com and HERELouisville.com, we provide comprehensive, credible insights into Kentucky's dynamic landscape.
