The gist
The semiconductor manufacturing company is set to receive $100,000 from Richardson's Research Award Match Program, which provides funding to research-focused, for-profit, privately owned small businesses that have received federal grants, according to a news release from the city.
The company recently received a $2 million Small Business Innovation Research grant from the U.S. Department of Defense.
The funds will support “the development and operation of a capacitance-voltage setup to optimize semiconductor materials used in infrared applications,” according to the release, and the company will continue to operate out of its current space on Collins Boulevard for the next five years, at a minimum.
“Richardson’s strong support for high-tech industries has created a favorable environment for growth and innovation,” IntelliEPI IR President Paul Pinsukanjana said in the release. “With this recent RAMP award, the city has shown a continued commitment to foster local innovators.”
Quote of note
“IntelliEPI-IR strengthens Richardson’s reputation as a center for advanced semiconductor innovation,” Richardson City Manager Don Magner said in the release. “Our priority is to sustain a business environment where cutting-edge companies choose Richardson as the foundation to grow, innovate and thrive.”
