December 15, 2016
Living Ink Technologies Awarded Competitive Grant from the National Science Foundation
Denver, CO, December 14, 2016– Living Ink Technologies has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $225,000 to conduct research and development (R&D) work on developing sustainable printing ink using natural pigments derived from cyanobacteria and algae.
Living Ink is striving to the make the world more sustainable and safer by developing renewable algae-derived printing ink. This novel ink will replace conventional ink that uses petroleum products and other finite chemicals, most of which are toxic. Living Ink is using molecular biology strategies to develop a black type of algae that is grown using sunlight to produce black printing ink.
“The National Science Foundation supports small businesses with the most innovative, cuttingedge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
“We are thrilled to receive this award that will be instrumental in our R&D efforts of developing novel ink products. This award will directly lead to commercialization of our technologies,” said Scott Fulbright, CEO and co-founder.
Once a small business is awarded a Phase I SBIR/STTR grant (up to $225,000), it becomes eligible to apply for a Phase II grant (up to $750,000). Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.
About Living Ink Technologies:
Living Ink Technologies is an innovative biotechnology company using cyanobacteria and algae for commercialization ink products to make the world more sustainable and safer. For more information, visit Livinginktechnologies.com.
About the National Science Foundation’s Small Business Programs:
The National Science Foundation (NSF) awards nearly $190 million annually to startups and small businesses through the Small Business Innovation Research (SBIR, transforming scientific discovery into products and services with commercial and societal impact. The non-dilutive grants support research and development (R&D) across almost all areas of science and technology helping companies de-risk technology for commercial success. The NSF is an independent federal agency with a budget of about $7 billion that supports fundamental research and education across all fields of science and engineering.