i2n Awards $50,000 in Microgrant Funding
Thursday, February 28th 2013
i2n Awards $50,000 in Microgrant Fundingi2n is an initiative of the Chester County Economic Development Council
EXTON _ The Ideas x Innovation Network (i2n) awarded five companies in Chester and Delaware counties with $10,000 each in microgrant funding.
The grants are designed to help companies make their products and services more commercially viable. The award recipients were selected after submitted proposals were thoroughly evaluated by a review committee of i2n board members.
The award winners are Quanta Technologies, Inc., an energy efficiency technology company located in Malvern; Kerathin, LLC, an early stage medical device company located in Chester; Momentum Dynamics Corporation, a clean energy company focused on electric vehicles, located in Malvern; NextGen Reporting, an information technology company focused on court reporting and litigation support, located in Wayne; and Zeomedix, LLC, a bioscience company focused on advance wound healing products, located in Exton.
David Noteware, Chief Executive Officer of NextGen Reporting, said, “The microgrant funding from i2n enables us to expand our capabilities for conducting and managing simultaneous remote depositions. We will do that using our unique methodology and with technology support from SparkNET Technologies, another i2n company.”
Jay R. Reyher, CEO, Quanta Technologies, Inc., said, “The i2n microgrant that we have been awarded will support funding for a product enhancement we plan for this year. Our QUANTAPANEL® 600 series product is utilized in multifamily buildings to improve the energy performance and comfort of the existing windows. We have had recurring comments from tenants in Philadelphia and New York City that an added benefit is the observed noise reduction. The microgrant will support our intent to measure and potentially improve this attribute, which will enable us to utilize noise reduction as an added product attribute of the QUANTPANEL® system.”
i2n, an initiative of the Chester County Economic Development Council, supports emerging growth businesses throughout their entire life cycle by leveraging the assets of academic institutions and other partners to create a network of physical and virtual resources. i2n is funded in part by private sector support, educational partners, and the Pennsylvania Department of Community and Economic Development’s Discovered in PA, Developed in PA program. i2n serves more than 65 companies across Chester and Delaware counties, and involves more than 25 educational institutions, for-profit and non-profit organizations. i2n builds on many of the strategies of DCED’s technology investment programs and, along with the support and direction of its 30-member board, offers a comprehensive package of resources, services and opportunities to emerging growth businesses. For more information, see www.i2npa.org.