Ag tech startup Digital Dipstick was awarded a small business innovation research (SBIR) grant worth $224,000 to continue to develop their technology, DOLI.
The National Science Foundation awarded the Tremont-based startup a Phase 1 SBIR grant, which is specifically designed to fund the research phase of a startup company. If the Phase 1 goes well, there is a Phase 2 SBIR grant that Phase 1 awardees can apply for, which could fetch up to $1 million in non-dilutive capital to fund the commercialization phase.
Digital Dipstick has taken advantage of several of the resources that our startup community has available, including Keystart pre-accelerator, Brave Launch business accelerator, The Nest coworking space, and one very specific resource offered through the University of Illinois – SBIR application consulting. This resource is paid for by a grant from the Economic Development Administration (EDA), a division of the United States Department of Commerce. The “EDA University Center” is program administered by the University of Illinois and available to a network of communities in Illinois that lie south of Interstate 80.
This is big news in the GP startup community, and a giant step forward for a two-man startup that’s been bootstrapping to this point. Digital Dipstick is the second GP startup to be awarded a NSF SBIR Phase 1 in the past six months. The other is Natural Fiber Welding.
Read Digital Dipstick’s blog post about the award here.
See a photo of me with co-founders Allan Dikeman (far) and Travis Cage (center) learning about grant compliance.