3 Northern Kentucky companies receive funding
3 Northern Kentucky companies receive funding
by Richard Stump
Posted on 07/30/2009
The Kentucky Science and Technology Corporation (KSTC) awarded $355,000 to three companies with assistance from the Northern Kentucky ezone, a division of Northern Kentucky Tri-County Economic Development Corporation (Tri-ED).
Pilus Energy received $250,000 and is the first company in Northern Kentucky to receive funding from the Kentucky New Energy Venture fund. The company is developing a patent-pending, hybrid microbial fuel cell reactor with an ultra/supercapacitor to harvest electrons and hydrogen gas from their proprietary bacteria, which consume sewage, fertilizer run-off, animal wastes, rotting plant materials, and other organic materials.
Dito Solutions, based in Florence, Kentucky, has developed and is marketing DitoAdvisor.com – the first comprehensive financial planning and management web site delivered directly to consumers. A consumer will be able to receive honest, independent and objective financial advice on virtually any significant topic in personal finance by using Dito Advisor. Dito Solutions received $75,000 from the Rural Innovation Fund subsequent to performing milestones required with a $25,000 grant the company received in September 2008.
Analytical Solutions and Providers (ASAP Analytical), a small, veteran owned privately held company, recently introduced a new InfraRed Detector (IRD). The IRD allows forensic chemists to identify the molecular structure and chemical fingerprint of new illegal chemically altered drugs. ASAP was awarded $30,000 from the Rural Innovation Fund.
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