September 28, 2023
MFNS Tech receives Illinois SBIR/STTR Phase I Matching Programs funding
MFNS Tech has been awarded the IL SBIR/STTR matching fund to support the development of OHM Technology. The funding was awarded through the Illinois Department of Commerce and Economic Opportunity (DCEO), which provides matching funds to small businesses that have received federal SBIR/STTR Phase I awards.
“We are honored to receive this state SBIR/ STTR matching grant,” said Vinayak P Dravid, Chairman of MFNS Tech. “This funding will be instrumental in helping in bridging us towards the SBIR/STTR Phase II award and also to accelerate our development efforts”.
“We are confident that the NSF SBIR/STTR will have a significant impact on the wastewater treatment and oil spill response industry and create new opportunities for our company,” said Vikas Nandwana, co-founder, MFNS Tech.
MFNS Tech is committed to developing innovative products that improve the lives of people around the world. The state SBIR/STTR matching grant is a valuable resource that will help us continue to innovate and grow.