SinWaves Awarded Competitive Research Grant 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, September 4, 2018 – SinWaves, Inc. has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant for $750,000 to commercialize innovative technology by conducting research and development (R&D) work on advancing the operation and management of current roadside infrastructure by leveraging existing traffic signal communication networks. Cloud technology is used to centralize control and perform analysis on various data points producing better signal timing coordination. The resulting platform will enable all networked intersections to have additional capabilities without the need of new hardware.
Signalized intersections directly impact the flow of traffic. Unfortunately, traffic lights also cause a significant amount of rear-end collisions and degrade overall intersection safety and efficiency. SinWave’s solution of minimizing congestion for all road users through the efficient management of traffic signals. In turn, reducing vehicles idle, acceleration, and deceleration intervals, lowering trip emissions, and providing cost savings.
“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.”
“We believe we can help cities advance existing traffic signal operations without the need for to buy into new hardware,” said Tim Menard, CEO and Founder of SinWaves. “We’re excited to receive support form the NSF SBIR program to help us further develop this technology”
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