Small Business Innovation Research Program Provides Seed Funding for R&D
GLENDALE, CA, February 22, 2022 -- emTRUTH®, whose mission is to help healthcare companies unlock the full value of their data, has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant to conduct research and development (R&D) work focused on the advancement of blockchain and Artificial Intelligence (AI) technology to make healthcare data flow seamless, searchable and more secure.
An exponential amount of healthcare data is generated every day. Data, which if accessible, could advance medical knowledge, improve care delivery, help manage health risk factors, provide evidence for important therapeutic breakthroughs, and drive down costs. Yet, due to disconnects between data sets, between different studies, between data silos, between institutions, as well as the highly sensitive nature of health data itself, much is out of reach for the professionals and researchers who need it most.
emTRUTH, by advancing blockchain and AI for distributed data management, is tackling this challenge with a healthcare data platform that integrates data in many places, shapes, and sizes. When emTRUTH’s foundational technology is applied to the data challenges inherent in clinical trials, integrated health systems, and population health initiatives, data becomes more reliable, secure, and interoperable. This is a key step toward reducing costs, speeding up drug development timelines, making many EHRs look like one, and improving patient outcomes. Importantly, with emTRUTH, people own and control their own data according to their own data governance and usage criteria – striking the balance required to unlock healthcare data’s value, while still ensuring proper data sharing safeguards are in place.
“NSF is proud to support the technology of the future by thinking beyond incremental developments and funding the most creative, impactful ideas across all markets and areas of science and engineering,” said Andrea Belz, Division Director of the Division of Industrial Innovation and Partnerships at NSF. “With the support of our research funds, any deep technology startup or small business can guide basic science into meaningful solutions that address tremendous needs.”
"emTRUTH is honored to receive this award from the National Science Foundation in recognition of the innovation we bring to solving persistent healthcare data challenges,” said Irene Woerner, CEO, emTRUTH. “Winning this award endorses our approach towards simplifying the process of combining and sharing data, and we are thrilled at the breakthrough opportunities this will open up for patients, their families, caregivers, and the industry as they await therapies to improve their lives.”
Once a small business is awarded a Phase I SBIR/STTR grant (up to $275,000), it becomes eligible to apply for a Phase II (up to $1,000,000). Small businesses with Phase II funding are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.
Startups or entrepreneurs who submit a written Project Pitch will know within one month if they meet the program’s objectives to support innovative technologies that show promise of commercial and/or societal impact and involve a level of technical risk. Small businesses with innovative science and technology solutions and commercial potential are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program, also known as America’s Seed Fund powered by NSF, undergo a rigorous merit-based review process. To learn more about America’s Seed Fund powered by NSF, visit: https://seedfund.nsf.gov/
About the National Science Foundation's Small Business Programs
America’s Seed Fund powered by NSF awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $2 million to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $8.5 billion that supports fundamental research and education across all fields of science and engineering.
About emTRUTH
emTRUTH® unlocks the power of healthcare data. We do this by making it quick and easy for healthcare users (who are not IT experts) to securely combine and share data on demand, while they, and their patients, retain full ownership and control of their data. The company’s patent-pending API offers fast and secure horizontal or vertical data integration and interoperability of any type of data. From anywhere. Using any standard. To any app. In days, not months. For less. For more information, visit www.emtruth.com.
Contact
Irene Woerner, CEO
+1.626.790.8268
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