Two New Hampshire Businesses Awarded Grants for Research and Development
Hypertherm, Inc. and White River Technologies have been awarded technology grants in the FY 2020 New Hampshire Innovation Research Center grants cycle. Projects began in August of 2020 and are anticipated last approximately one year.
Hypertherm, Inc is a manufacturing and software company located in Hanover, NH. Their project will build on its 50-year history of innovation in the metal cutting industry, utilizing specialized equipment and expertise of the UNH John Olson Advanced Manufacturing Center and the University Instrumentation Center.
White River Technologies is a scientific research and engineering company focused on R&D, support services and commercial production of geophysical sensor technologies, located in Lebanon, NH. They will partner with UNH College of Engineering and Physical Science to develop specialized Unmanned Aerial Systems.
The NHIRC program begin in 1991 and has awarded over $8million in funding to support research projects in New Hampshire. The program has been responsible for the creation or retention of more than 685 jobs. Its awardees have received more than $32 million in federal Small Business Innovation Research (SBIR) grants, over $950,000 in National Science Foundation Experimental Program to Stimulate Competitive Research (NSF-EPSCoR) funds, and over $900 million in investment/acquisition capital.