HAMPTON-One Peninsula business is among a list of 34 small technology-focused businesses that will receive a grant in the inaugural round of the Commonwealth Commercialization Fund (CCF) Awards.
Philip Ma with Psionic LLC in Hampton will receive $100,000 toward research in space and satellites, specifically the Psionic Navigation Doppler Lidar.
Governor Ralph Northam announced on July 12 that the small business recipients will be awarded a combined total of $3.4 million in grants to commercialize research in a variety of industries including agricultural and environmental technologies, autonomous systems, clean energy, cybersecurity, data analytics, life sciences, and space and satellites.
“Facilitating research breakthroughs and getting new technologies out of the lab and into the hands of consumers is key to driving economic growth and creating jobs in the Commonwealth,” the governor said.
The Virginia Innovation Partnership Authority helped develop the CCF.