Infinite Enzymes Receives $450,000 SBIR Grant - Innovate Arkansas
Infinite Enzymes Receives $450,000 SBIR Grant
By Arkansas Business Staff, 9/7/2012 9:08:40 AM
Infinite Enzymes of Jonesboro has been awarded a federal grant of $450,000 to further develop its enzyme technology in which it converts plant byproducts into biofuels.
The Small Business Innovation Research Phase II grant is from the U.S. Department of Agriculture and represents the firm's second round of SBIR funding. Infinite Enzymes will use the grant to further develop and begin commercializing its products.
Welspun Tubular of Little Rock, Alliance Rubber of Hot Springs, Tyson Foods of Springdale and Conway Machine were the four Arkansas companies recognized Wednesday at the 2013 Governor's Award for Excellence in Global Trade.
University of Arkansas startup HomeDx won the elevator pitch portion and finished second overall in the graduate-level division of the 2013 Donald W. Reynolds Tri-State Governor's Cup business-plan competition Tuesday in Las Vegas.
Wal-Mart Stores Inc. of Bentonville is making a push to sell more U.S.-made goods and part of that effort includes promoting products made in Arkansas.
Northwest Technical Institute in Springdale has more prospective students than spots in its diesel and truck technology program. A future expansion in lab space could help the school, located in an area known nationally for its diesel tech jobs.