Small Business Technology News
Small Businesses Receive Funding From EPA
Written by Jenna Weiner
The EPA has awarded $2.25 million to 10 small businesses to develop environmentally-friendly solutions to some of today's problems.
In a move that is good financial news for small businesses in the world of environmental technology, the U.S. Environmental Protection Agency is funding 10 small businesses as part of a plan to develop new technologies to improve the environment.
Through its Small Business Innovation Research program, the EPA has awarded almost $2.25 million to the 10 companies, which will use the funds to produce innovations such as environmentally-friendly adhesive and a water monitoring sensor which would work in real-time.
Dr. Paul T. Anastas, assistant administrator for the EPA's Office of Research and Development, said the program not only helps the environment, but also can be beneficial to the U.S. economy.
"The SBIR program demonstrates how meeting environmental challenges can help create jobs," he said. "These small businesses are simultaneously leading the way toward a sustainable planet and a healthy economy."
Since beginning the SBIR, a number of companies have successfully incorporated their ideas into real-world applications. One example of this is the National Recovery Technologies, Inc., which developed a first-of-its-kind system for sorting plastic recyclables. Today, most of the polyethylene terephthalate plastics in the world are sorted by a machine from National Recovery Technologies.
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