StabiLux Biosciences Receives $650,000 in Funding
StabiLux Biosciences, a company founded by Yoke Khin Yap (Physics), has recently been awarded more than $650,000.
The funds are from America’s Seed Fund, powered by the National Science Foundation (NSF) Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) program, and the Invest Michigan's University Commercialization Fund (UCF).
Yap says, "these funds will be used to support commercialization of high-brightness fluorophores, chemical compounds that can re-emit light upon light excitement, for use in multi-color flow cytometry, a laser-based fluorescence technique for medical diagnostics and analysis.”
StabiLux was awarded a $600,000 grant from NSF-STTR phase II to commercialize this innovative technology by conducting research and development for biomedical applications.
The Invest Michigan UCF provides funding to early-stage companies for the commercialization of technologies originating from Michigan's 15 public universities.
Yap says the new funding will help mature and de-risk the technology, making the company a more attractive strategic partner.
Read the full story on the Michigan Tech News Website.