by Michael Monks
THE RIVER CITY NEWS MORE COVINGTON NEWS THAN ANY OTHER SOURCE
Kentucky Governor Steve Beshear announced today $6.2 million in state funds will be shared by seventeen high-tech companies across Kentucky, including three in Covington. Through the state’s competitive Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds program, Kentucky matches all or part of federal SBIR-STTR awards received by Kentucky-based companies or those willing to relocate operations to Kentucky. Governor Beshear said this in a release:
“These 17 companies are developing some of the nation’s most promising new technologies, as recognized by experts on both the federal and state levels,” said Gov. Beshear. “From finding cancer treatments, to combating Alzheimer’s disease, to helping develop long-lasting batteries for electric vehicles, Kentucky is proud to help support these innovators and entrepreneurs who are helping create high-tech businesses and high-paying jobs throughout the Commonwealth.”The Covington companies awarded are Bexion Pharmaceuticals (where Mayor Chuck Scheper is on the board), Tier 1 Performance Solutions, and Amelgo. Here are the details:
Bexion Pharmaceuticals Inc., of Covington, was awarded $500,000 to support further development of BXQ-350 for glioblastoma multiforme (GBM), one of the most common and aggressive brain cancers in humans. BXQ-350 has shown to be effective against GBM in preclinical trials, as well as against pancreatic cancer and neuroblastomas. www.bexionpharma.com
Tier1 Performance Solutions Inc., of Covington, was awarded $396,000 to assist in the development of human factors analysis software that will support a variety of NASA design projects such as space vehicles, mission control centers and flight deck systems. www.tier1performance.com
Amelgo LLC, of Covington, was awarded $100,000 to support the development of effective non-antibiotic dry-off agents for the dairy industry to help reduce the number and severity of disease outbreaks in cows.