The startup Alacrity Semiconductors, Inc. recently received a $100,000 Small Business Innovation Research (SBIR) grant with support from Connecticut Innovations’ SBIR Acceleration and Commercialization Program. The team behind Alacrity—including Yale School of Management students James Lin (’15) and Matthew Kern (’15) along with T.P. Ma, Raymond James Wean Professor of Electrical Engineering and Applied Physics at Yale and postdoctoral student Xiao Sun—are developing an adaptive storage semiconductor that has the potential to integrate with all existing computing devices. Lin and Ma were introduced through the Technology Commercialization Program jointly run by the Office of Cooperative Research and the Yale Entrepreneurial Institute (YEI). They first developed the venture during the 2014 YEI Fellowship, which provides funding, mentorship and expert guidance to Yale ventures. This is their second SBIR grant.
“We are excited to partner with Connecticut Innovations to promote the development of technology in Connecticut,” says Lin, “and we are grateful to YEI for making those introductions.” YEI hosts regular office hours with Merrie London, Manager of the SBIR and Federal Leveraging Programs at CT Innovations, and Lin began meeting with her a year ago to discuss their eligibility for federal grants. “Merrie’s guidance and support throughout the process has been instrumental to Alacrity receiving federal funds.”
“She reviewed our SBIR application and provided support from the state to get the most out of it,” he adds. Lin says the money will contribute to creating technology jobs in Connecticut and supporting detailed market studies to develop a market entry strategy for their product.
Interested in meeting with Merrie? She is holding Office Hours at YEI (55 Whitney Ave., 2nd Floor) on May 19, June 9 and July 1, 1-4pm. Sign up here!