North Carolina-based diagnostics company BioMedomics has been awarded an additional $190,000 in state and federal grants. The company landed a $120,000 U.S. Army Small Business Innovation Research Phase I grant, which will be matched by a state grant of approximately $70,000.
"The Army has a tremendous need for multi-function, multiplexed, hand-held devices for soldiers to use in the battlefield," said Frank Wang, Ph.D., co-founder of the firm. "Without being too specific, I can say that BioMedomics will apply its proprietary technologies in immunoassay, novel nanoparticles and unique detection techniques for the development of a compact, point-of-care biomarker detection device."
This is no small feat. BioMedomics started with a mere $25,000 loan from the North Carolina Biotechnology Center in 2007. Since then, the company has been awarded federal, state and private funding totaling $1.2 million. "We are very grateful for what that early Biotechnology Center support has enabled," said Frank Wang, Ph.D., co-founder of the firm. "It positioned us for a series of follow-on grants that have, in turn, linked us with corporate partners for expanded market reach and co-development activity."
- check out the BioMedomics release