Two Charlotte-area companies have been selected as innovation grant recipients by Gov. Pat McCrory and North Carolina Commerce Secretary John Skvarla.
▪ Cornelius-based Akoustis was awarded $50,000 to develop more efficient parts for mobile devices, according to a statement from the N.C. Commerce Department.
▪ Corvid Technologies of Mooresville was awarded $50,000 to develop new military vehicle armor that is “stronger, cheaper, less conspicuous and lighter,” according to the statement.
“North Carolina faces tremendous competition from other states who want our budding high-growth, high-wage companies,” McCrory said. “These grants help keep North Carolina in the race for our next home-grown success story.”
Digital Access for only $0.99
For the most comprehensive local coverage, subscribe today.
The grants, from the One North Carolina Small Business Fund, are intended to help small businesses bring cutting-edge technology to the marketplace.
They are funded by the National Institutes of Health, the National Science Foundation, the Special Operations Command (Department of Defense) and the U.S. Army. The state matches up to half the federal money, with a $50,000 maximum per grant.
Nine other companies – from Durham, Winston-Salem, Greensboro and Raleigh – also received innovation grants. Awards totaled $544,967 this latest round.