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National Science Foundation Awards $500K Phase II Grant to Nifty TV for More R&D 5-5-08

National Science Foundation Awards $500K Phase II Grant to Nifty TV for More R&D 5-5-08

Posted by: Tom Pace - May 05, 2008

A $500,000 check to Network Foundation Technologies (NFT) from the prestigious National Science Foundation was unveiled Monday, May 5th, 2008, in ceremonies at the BioSpace1 Headquarters in Shreveport, Louisiana. 

Head of BioSpace1 & the BioMed Research Center, Jack Sharp welcomed 
area dignitaries and the media to the late morning news conference.

Shreveport Mayor Cedric Glover, Bossier Mayor Lorenz “Lo” Walker, and Ruston Mayor Dan Hollingsworth were all present to help announce the highly prestigious and competitive $500K Phase II Grant from the NSF.

The national Small Business Innovation Research (SBIR) program funds the research & development and the commercialization of new technology from the entrepreneurial sector.  

Only 5-7 percent of proposals from private companies nationwide ever reach the phase II level of the SBIR program, which allows for the development of a prototype. 

NFT is one of only four companies in Louisiana that received a SBIR Phase II grant since 1999, and the first to receive a SBIR Phase II grant since 2005.
 


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