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The SFC Fluidics chip will allow physicians to rapidly analyze the health status of a patient by using a pinprick drop of blood, according to a press release.

The company also has exclusive license to a magnetohydrodymanic fluid pumping technology used to implement the lab-on-a-chip device.

These devices will allow doctors to monitor health issues such as hormone levels, pregnancy, and thyroid and pituitary disorders, all by using a small drop of blood.

Current blood testing procedures often require several milliliters of blood to be drawn and then shipped to labs for results.

The company will have the opportunity to receive up to $500,000 in Phase II to build commercial prototype devices, said Dr. Christine E. Evans, senior scientist at SFC Fluidics.

SFC is a client company of Virtual Incubation Co. VIC provides clients with management, operational, research and fundraising support. It takes an equity stake in the firms and derives some fees from the awards it helps land.

VIC has had nine awards this year, of which many have been Phase I awards, totaling about $1.4 million, said Calvin Goforth, president of the company.

Other Phase II applications are in the process, which could more than double the current amount.