Cognitive Electronics is pleased to announce that it has received a Phase II Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy. The SBIR program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. The grant provides $1M over two years and will be used along with private financing to develop Cognitive Electronics’ technology.
The awarding of the Phase II grant follows Cognitive’s successful execution of work funded by an SBIR Phase I grant in 2011.
“The awarding of the SBIR Phase II grant is validation of the potential of Cognitive Electronics’ technology designed by Andrew (Felch) as well as the successful execution of the SBIR Phase I work by Andrew and Glenn (Weinberg) last year,” said Mac Dougherty, CEO, Cognitive Electronics. “Along with our recently closed series A round of private equity financing, the SBIR Phase II grant will enable us to complete the design of the Cognitive Electronics Smart Memory in preparation for commercial production,” added Glenn Weinberg, Vice President, Product, Cognitive Electronics.