SinWaves Awarded Supplemental Support From the National Science Foundation
America’s Seed Fund Powered by NSF Provides Funding for R&D; Helps small businesses move innovations out of the lab and into the market
Sunnyvale, CA, May 17, 2019 – SinWaves, Inc. has been awarded supplemental support under a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant for $149,999 to commercialize innovative technology by conducting research and development (R&D) work on developing a reliable and secure cellular connection between traffic signals and SinWaves cloud traffic management platform.
“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of Division of Industrial Innovation and Partnerships at NSF. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
“With 103,000 traffic signals in the United States lacking connectivity, SinWaves is uniquely positioned to provide game-changing software applications from our cloud platform without cities needing to install and maintain hardwire communications,” said Tim Menard, CEO and Founder of SinWaves. “We’re grateful for the support from the NSF, as it will help us further achieve our vision of building better communities through less traffic.”
Small businesses can receive up to $1.5 million in funding from NSF. Companies must first have received a Phase I award (up to $225,000) to become eligible to apply for a Phase II grant (up to $750,000) to further develop and commercialize the technology. Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.
Small businesses with innovative science and technology solutions, and commercial potential across almost all areas of technology are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process. NSF’s deadlines for Phase I small business proposals occur twice annually, in June and December.
To learn more about the NSF SBIR/STTR program, visit: seedfund.nsf.gov.
About the National Science Foundation’s Small Business Programs
America’s Seed Fund powered by the National Science Foundation (NSF) awards nearly $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $1.5 million in non-dilutive funds to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $7.5 billion that supports fundamental research and education across all fields of science and engineering.
Update: SinWaves, Inc., is now doing business as LYT