America’s Seed Fund Powered by NSF Provides Funding for R&D; Helps small businesses move innovations out of the lab and into the market.
New York, NY — Vidrovr Inc. has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II Grant for $750,000 to commercialize innovative technology by conducting research and development work for using machine learning and computer vision for extracting information from live and archival video content, and automatically constructing a searchable knowledge graph from the metadata.
The need for deep information extraction systems for video is growing within both private and public corporations due to the exploding amount of video being generated today. Leveraging Vidrovr’s existing proprietary technology and expanding its capabilities with this R&D grant, the company will continue to make the world’s video content searchable. Today companies are using this technology to create a more informed society by making their archival video content available to the public via smart video search, and public sector clients are using the technology to identify disinformation campaigns in video.
“The National Science Foundation supports startups and small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Graciela Narcho, Acting Director of the Division of Industrial Innovation and Partnerships at NSF. “We hope that seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
“We were able to take technology that we built in the lab at Columbia University into the workflows of some of the largest media companies in the world with the help of our NSF Phase I Grant”, said CEO of Vidrovr Joe Ellis. “With the additional support of the NSF Phase II Award we will continue to grow our core business, while working to achieve even more ambitious goals, such as monitoring the world’s broadcast and live stream video content.”
Small businesses can receive up to $1.5 million in funding from NSF. Companies must first have received a Phase I award (up to $225,000) to become eligible to apply for a Phase II grant (up to $750,000) to further develop and commercialize the technology. Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.
Small businesses with innovative science and technology solutions, and commercial potential across almost all areas of technology are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process. NSF’s deadlines for Phase I small business proposals occur twice annually, in June and December.
To learn more about the NSF SBIR/STTR program, visit: seedfund.nsf.gov.
About the National Science Foundation’s Small Business Programs: America’s Seed Fund powered by the National Science Foundation (NSF) awards nearly $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 $1.5 million in non-dilutive funds 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