Flora Coatings awarded competitive NSF grant
Phoenix, AZ – Flora Coatings has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $224,901 to conduct further research and development on its Transparent Flexible Quasi-Ceramic Intelligent Multifunctional Coatings for corrosion and biofouling protection.
"Combating corrosion is an issue, as more than $1 trillion is spent every year in the US alone to overcome related losses,” said Anupama Chaturvedi, CEO of Flora Coatings, an advanced, sustainable coatings manufacturing company operating at the Center for Entrepreneurial Innovation located on the GateWay Community College Campus. “The global market of smart coatings is increasing rapidly due to imposed stringent regulations and exponential increase in demand in various sectors.”
Chaturvedi believes Flora's innovative FLORYL™ Intelligent Coating could potentially revolutionize the metal and materials protection coating industry. “This SBIR award from NSF in a way endorses our unique chemistry involved in the development of intelligent coatings as NSF only supports efforts that have potential to become commercial successes and make societal impacts,” she said.
NSF accepts Phase I proposals from small businesses twice annually in June and December. Small businesses with innovative science and technology solutions and commercial potential are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process.
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 of 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.
“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,” according to Barry Johnson, director of the NSF’s Division of Industrial Innovation and Partnerships.
To learn more about the NSF SBIR/STTR program, visit: www.nsf.gov/SBIR.
About Flora Coatings
Flora Coatings has been incepted in 2014 and continues to innovate high performance coating technologies, providing an alternate to existing toxic paint and coating products. FloraCoatings manufactures and sells its high performance coating technologies through its strategic partners. Flora Coatings anticipates use of its products on a wide variety of applications ranging from surgical blades to aerospace. Visit ceigateway.com/flora-coating.