WEDA Success Stories
WEDA Success Stories
3474 North 3rd Street
Laramie, WY 82072
Category: 2016 Success Stories
In addition to bank loans, the Wyoming Small Business Development Center Network can help companies secure other types of financing.
The federal Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) program encourages U.S. small businesses to engage in federal research and development projects. Through competitive contracts and grants, the program helps businesses explore technological solutions to pressing national concerns with the end goal of commercialization.
Thermosolv LLC, located in Laramie, applies synthesis knowledge to convert solid carbonaceous materials into high-value liquid fuels, according to a company LinkedIn profile. More generally, the Thermosolv team specializes in applied research and development of advanced materials and chemical processes for a broad range of industrial applications. The company is pre-sales revenue and is developing product prototypes.
With assistance from Kelly Haigler Cornish, program manager for the Wyoming SBIR/STTR Initiative, a service of the Wyoming SBDC Network, Thermosolv received a $125,000 NASA SBIR Phase I award in 2016. It all started with a $5,000 Phase 0 contract that enabled Thermosolv to partner with researchers at the Arizona State University on the capacitor improvements which will allow power components to withstand the extra physical and structural demands found in NASA space operations.
“The project targets the development of novel ceramic dielectrics with the unique nanostructured architecture comprised of closely packed parallel one-dimensional chains of dipoles,” according to the award announcement. “Phase I work will demonstrate feasibility of the technology by fabricating and testing capacitor prototypes utilizing novel nanodielectrics.”
The Wyoming SBIR/STTR Initiative also has helped Principal Engineer Oleg Polyakov attend a national SBIR/STTR conference in Washington, D.C. and the two-day Proposal Development workshop in Laramie.