JCC Business and Technology Incubator Client Receives Grant Funding
March 11, 2011
FOR IMMEDIATE RELEASE
Contact: Russell C. Seymour, James City County Economic Development Director
Phone: (757) 253-6607
The James City County Business and Technology Incubator (JCCBTI) is pleased to announce that Phenom Technologies, Inc. has received a $100,000 award from NASA through the Small Business Technology Transfer (STTR) Program administered by the Office of Technology of the U.S. Small Business Administration (SBA).
Phenom is a client of JCCBTI. The company was founded in 2010 by two graduate students, Eric Spahr and Kevin Smith, and their Ph.D. advisor, Professor Gunter Luepke. Their goal is to commercialize a new technology related to hydrogen energy and fuel cell technology.
According to the SBA homepage, the STTR program “ensures that the nation's small, high-tech, innovative businesses are a significant part of the federal government's research and development efforts.”
Economic Development Authority (EDA) Chairman, Tom Tingle, stated, “We are pleased that JCCBTI has the opportunity to assist graduates of William & Mary in their post-graduate work.”
Other current Incubator clients include American Eagle Flag & Flagpole, Beanbank Coffee, Breathe Healthy, Campus Massage, Colonial Coffee, and Court Record Solutions.
The James City County Business and Technology Incubator was founded by James City County and its EDA and is currently managed by the College of William & Mary – offers its clients a wide-range of services tailored to their business’ individual needs, including educational programs through the Mason School of Business; development of business and financial plans; access to local service providers; and introduction to financing and funding resources. Incubator clients can range from fledgling companies to existing businesses that are transitioning to new locations.
Entrepreneurs who would like to find out more about becoming an Incubator client should contact Bill Bean at 757-221-7825 or firstname.lastname@example.org.