Bexar County Commissioners Court voted Aug. 8 to approve the total award of $202,028 in Innovation Fund Grants to five local companies that were awarded a Small Business Innovation Research or Small Business Technology Transfer grant from the federal government in 2022.
Background
The federal SBIR and STTR programs are designed to support small businesses and research institutions in their mission to develop advanced technologies and solutions across an array of sectors, a news release states.
The awarded companies were awarded the following amounts:
- Forward Edge-AI: $50,000
- Astroport Space Technologies Inc.: $50,000
- Irys Technologies Inc.: $14,511.19
- Leaptran Inc.: $50,000
- Elevate Systems: $37,517.83
The impact
The release states these grants demonstrate Bexar County's support for companies that are committed to technological innovation, sustainable growth and entrepreneurial spirit.
The selected recipients both represent a range of industries and have displayed promise in their respective fields and have shown potential to contribute significantly to the local economy, the release states.
