Two Houston Businesses Receive SBA Tibbetts Awards for Demonstrating Significant Economic and Social Impact from R&D Funding
The U.S. Small Business Administration announced the winners of the prestigious Tibbetts Award for their accomplishments in creating cutting-edge technologies. Among them, re:3D Inc and Raptamer Discovery Group. The Tibbetts Awards, named after Roland Tibbetts, the founder of the SBIR Program, honors these awardees for the exceptional successes they achieved through SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
“I am incredibly proud that Houston’s technology ecosystem cultivates innovative businesses such as re:3D and Raptamer. It is with great honor and privilege that we recognize their accomplishments, and continue to support their efforts,” said Tim Jeffcoat, District Director of the SBA Houston District Office.
“We are honored to be named a Tibbetts Awardee, and to represent Puerto Rico & Texas as we ‘Dream Big and Print Huge’ with the communities that have invested in our success,” said Samantha Snabes, Co-founder & Catalyst at re:3D.
“We are delighted to have received this award for Raptamer Discovery Group which, along with the Tibbetts Award that Fannin Innovation Studio received in 2016, provides further scientific and business validation of our model and vision,” said Dr. Atul Varadhachary, Managing Partner at Fannin Innovation Studio. “We are excited by the research and clinical utility of the Raptamer technology, and its broad application across therapeutics and diagnostics including biomarker discovery in several diseases, for which we currently have an SBIR grant.”
The Tibbetts awards also recognize the creative and impactful way organizations and individuals have supported the rising tech entrepreneur, especially in creating success with underrepresented communities. Details on each of the winners can be found on www.tibbettsawards.com.
Since its inception in 1982, the program has awarded over 170,000 awards with over $50 billion in funding to small businesses through the 11 participating federal agencies. It boasts one of the highest returns on taxpayer investment when measuring federal funding and economic impact.
About the SBIR and STTR Programs
The SBIR/STTR programs represent the nation’s largest source of early stage research and development funding for small businesses. The programs are administered by the SBA in collaboration with 11 federal agencies, who collectively supported more than $4 billion a year in federal research and development funding. www.sbir.gov.