Adaptive Materials shares in $750K grant for renewable energy software development

Wednesday, September 29, 2010 | Source: Concentrate

Adaptive Materials has scored another round of seed funding, this time taking down $750,000 in cash from the federal government.

The Ann Arbor-based firm is sharing the Small Business Innovation Research grant with fellow Ann Arbor firms, SRT Solutions and The Whole Brain Group. The three companies will use the funds, and potentially a follow-up grant, to create software that makes renewable energy suggestions.

"It allows our soldiers to pick the right energy sources when they're in the field," says Michelle Crumm, chief business officer of Adaptive Materials. "For instance, when it's a nice sunny day, use a solar panel."

The grant will also allow Adaptive Materials to add to its staff of 56 employees, three independent contractors, and one intern. The company has hired six people over the last year and plans to add at least one more.

Source: Michelle Crumm, chief business officer of Adaptive Materials
Writer: Jon Zemke

Related Tags

Government, Investment, Renewable Energy, Software Design

Related Company

Adaptive Materials, Inc.
4403 Concourse, Suite C
Ann Arbor, MI 48018 Website

Ann Arbor-based Adaptive Materials (AMI) is a world leader in portable fuel cell technology. Along with their contracts with military and commercial interests, the company's batteries help reduce carbon emissions; lasting 10x longer than conventional ...
SRT Solutions
206 S. Fifth Avenue, Suite 200
Ann Arbor, MI 48104 Website
Whole Brain Group
P.O. Box 8275
Ann Arbor, MI 48107 Website