SinWaves Awarded IoT Research Grant From the National Science Foundation
Small Business Innovation Research Program Provides Seed Funding for R&D
Sunnyvale, CA, December 4, 2016 – SinWaves, Inc. has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $225,000 to conduct research and development (R&D) work on developing an Internet of Things (IoT) communication platform that will be placed on street signs to deploy a vehicle-to-roadside (V2R) communication network for the advancement and safety of driver-assisted and autonomous vehicles.
“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 the NSF’s Division of Industrial Innovation and Partnerships. “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.”
“As forward warning systems (FWS) and Advanced Driver Assistance Systems (ADAS) make their way into the marketplace, consumers are beginning to see the potential advances these systems bring,” said Tim Menard, CEO and Founder of SinWaves. “As vehicles take on autonomous responsibilities, they’ll need reliable, accurate, and verifiable information about their surroundings with enough notice to facilitate safe responses. Which is why I am delighted that SinWaves has received support from the NSF SBIR grant to continue our work in this area to help make transportation safer for our communities.”
Once a small business is awarded a Phase I SBIR/STTR grant (up to $225,000), it becomes eligible to apply for a Phase II grant (up to $750,000). 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.
NSF accepts Phase I proposals from small businesses twice annually in June and December. Small businesses with innovative science and technology solutions, and commercial potential are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process.
To learn more about the NSF SBIR/STTR program, visit: www.nsf.gov/SBIR.
About the National Science Foundation’s Small Business Programs
The National Science Foundation (NSF) awards nearly $190 million annually to startups and small businesses through the Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) program, transforming scientific discovery into products and services with commercial and societal impact. The non-dilutive grants support research and development (R&D) across almost all areas of science and technology helping companies de-risk technology for commercial success. The NSF is an independent federal agency with a budget of about $7 billion that supports fundamental research and education across all fields of science and engineering.
Update: SinWaves, Inc., is now doing business as LYT