7 June 2011
Parabon NanoLabs has been awarded a Phase I STTR1 contract from the Office of the Secretary of Defense to design synthetic DNA nano-sensors using Parabon's commercial inSēquio™ Design Studio, a grid computing software application, and construct the sensors in a wet-lab environment. Parabon will partner with Marshall University on the project to fulfill the laboratory objectives of the work plan.
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1 The Small Business Technology Transfer (STTR) is a government program that expands funding opportunities in the federal innovation research and development (R&D) arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small businesses and nonprofit research institutions. The unique feature of the STTR program is the requirement for the small business to formally collaborate with a research institution in Phase I and Phase II. STTR's most important role is to bridge the gap between performance of basic science and commercialization of resulting innovations. A company that receives STTR funding is eligible for sole source grants and contracts with the Federal government for services and products used on, developed in or derived from the STTR effort.
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