Three technology start-up companies have been awarded $300,000 from i2E in the Oklahoma Center for the Advancement of Science & Technology Technology Business Finance Program.
Blackwell Plastic Solutions of Blackwell, Giager Medical Systems of Broken Arrow and Secure Piers of Edmond each were awarded $100,000.
The funding is designed to provide start-ups with pre-seed financing to stimulate additional investments from private sources.
Secure Piers has developed an alternative to concrete foundations that will revolutionize foundation construction. The Helipost is an engineered steel foundation system that delivers and often exceeds the structural integrity of concrete, at a fraction of the cost. The removable and reusable Helipost has been approved by more than a dozen state departments of transportation and is pursuing an annual domestic market of more than $1.6 billion.
Blackwell Plastic Solutions has designed Coastal Covers, a unique and innovative window protection system. The patent-pending system is made of low-cost recycled plastics and tires that provide storm and hurricane protection as well as security for off-season vacation homes.
Giager Medical Systems is an Oklahoma LLC specializing in the design, manufacturing, installation and operation of hyperbaric oxygen chambers. GMS has developed a new and innovative chamber design that offers increased capacity, patient comfort, improved clinic efficiency, and a significantly lower price point versus existing chambers. The estimated total market opportunity for this unit exceeds $1 billion domestically.
All three companies are clients of the Oklahoma Technology Commercialization Center.
For every $1 received from the program, the start-ups must now leverage $1 of other equity-related resources. Since 1998, 75 TBFP start-ups in Oklahoma have been awarded a total of $8.1 million.