DALLAS, TX, March 28 2019 – Skyven Technologies has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant for $750,000 to commercialize innovative technology by conducting research and development (R&D) work on a renewable solar energy system, reducing the need for burning fossil fuels in industrial applications.

Today, roughly 30% of U.S. greenhouse gas emissions are produced from industry, making it the largest contributor of greenhouse gases of any sector. This is the last bastion of fossil fuels. Skyven Technologies changes this status quo with its Intelligent Mirror Array (IMA™) technology, which curbs fuel consumption by capturing high-temperature heat from the sun and injecting it into the industrial processes.

NSF-supported projects will focus on large-scale deployment of the IMA™ technology, demonstrating system performance at temperatures up to 400°C on live industrial facilities. The project will help accelerate the deployment of cutting-edge zero-fuel solutions in the process of heat space.

“For 40 years, America’s Seed Fund powered by NSF has helped startups and small businesses transform their ideas into marketable products and services,” said Linda Molnar, Program Director of the Industrial Innovation and Partnerships Division at the National Science Foundation “I trust Skyven has the potential to change the way industrial manufacturers produce heat while reducing both their cost and their emissions. I look forward to observing Skyvens success, with the support of the National Science Foundation”

“I’m most thankful for this repeated recognition of the National Science Foundation,” said Arun Gupta, CEO of Skyven Technologies. “With our Phase II project, we will deploy our emissions-free solution for industrial heat at large scale in food processing industries across the country. This will be a stepping stone for air pollution reduction from the industrial sector in the United States.”

Small businesses can receive up to $1.5 million in funding from NSF. Companies must first have received a Phase I award (up to $225,000) to become eligible to apply for a Phase II grant (up to $750,000) to further develop and commercialize the technology. 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.

Small businesses with innovative science and technology solutions and commercial potential across almost all areas of technology are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process. NSF’s deadlines for Phase I small business proposals occur twice annually, in June and December.

To learn more about Skyven, visit: www.skyven.co

About the National Science Foundation’s Small Business Programs: America’s Seed Fund powered by the National Science Foundation (NSF) awards nearly $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $1.5 million in non-dilutive funds to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $8.4 billion that supports fundamental research and education across all fields of science and engineering.