SynMatter LLC has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant of $1M to commercialize products based on its next-generation Smart Particle technology. This grant is a continuation of the successful Phase I that demonstrated the high performance of its durable, highly hydrophobic, anticorrosive Smart Particles that have the potential to deliver a step change in corrosion protection.

A landmark study published in 2016 by the National Association for Corrosion Engineers estimated the direct cost of corrosion as 3.4% of the global Gross Domestic Product (GDP), or $2.5T every year. In the United States, the annual cost of corrosion is estimated at 3.1% of GDP, equivalent to $635B (2018). These costs double when accounting for indirect costs, such as offshore platform or refinery downtime, ship drydocking, and the impact of bridge collapses. Without protection, metals corrode quickly leading to a loss in structural integrity and ultimately failure of metal assets, such as buildings, bridges, oil & gas platforms, airplanes and cars.

To deal with this significant corrosion issue, SynMatter created a completely new class of materials, termed superhydrophobic Smart Particles, that exhibit both corrosion inhibitor release and superhydrophobic properties. When incorporated into coatings, superhydrophobic Smart Particles impart excellent passive corrosion protection to coatings through water repellency at loading rates as low as 2.0 wt%. Importantly, the coatings retain their high levels of hydrophobicity even after sandpaper abrasion, demonstrating their ability to withstand significant use and abrasion without losing their protective performance. The superhydrophobic Smart Particles were designed such that, should corrosion occur, e.g. due to physical damage, the superhydrophobic Smart Particles released corrosion inhibitors that delivered a secondary line of active protection. This unprecedented dual function coating –water repellency + active inhibitor release – dramatically increased the corrosion protection performance of coatings.

In Phase II, SynMatter will optimize the performance of the superhydrophobic Smart Particles, design an efficient scale-up process, improve coating formulation and demonstrate the performance of its materials in extensive internal and third-party corrosion testing. Superhydrophobic Smart Particles have the potential to deliver a step change in corrosion protection to even the most corrosive environments, such as the offshore oil & gas industry – who are in desperate need for new solutions – and the larger marine market.

SynMatter would like to thank the NSF and its wider network for their support.

 

SynMatter is proud to announce the selection as a winner in the Seventh Round of funding from the Florida-Israel Joint Innovation Partnership.

Space Florida, the aerospace and spaceport development authority for the State of Florida, and the Israel Innovation Authority, an independent, publicly-funded agency created to address the needs of the local and international innovation ecosystems, established a $2 million recurring joint fund to support research, development, and commercialization of aerospace and technology projects that benefit both Israel and Florida. For this Call for Projects, 15 joint proposals were submitted by teams of for-profit companies in Florida and Israel.

SynMatter was selected as one of four teams to receive funding. SynMatter is looking forward to the joint development of one-layer corrosion protection coating systems with built-in surface treatment for innovative applications in the military, aerospace and aviation industries with its Israeli partner, Green-ICPS.

SynMatter thanks Space Florida and the Israeli Innovation Authority for selecting SynMatter and Green-ICPS’ project.

Space Florida, Israel Innovation Authority Announce Seventh-Round Winners of Innovation Partner Funding

 

SynMatter was selected from a pool of over 50 startups and small businesses to present at Florida Venture Forum’s 2nd annual Florida Aerospace Capital Forum. Held at the Guidewell Innovation Center in Lake Nona, the event featured 16 presenting companies, four showcase companies and an opportunity to engage with the Florida Venture Forum investment community and aerospace industry leaders.

A panel of judges that included investor, entrepreneurs and Space Florida leaders reviewed each selected company’s presentation and supporting materials. SynMatter LLC was awarded an Accelerating Innovation Award, a prestigious recognition of the company’s technology, team and trajectory, along with $30,000 in prize money from Space Florida.

SynMatter would like to congratulate all other presenters, thank the Florida Venture Forum and Space Florida for putting on the event, inviting SynMatter to present and awarding the prize.

For the Florida Venture Forum press release, see: https://flventure.org/wp-content/uploads/2019/11/2019_FACF_Press-Release.pdf

As one of the top 21 startups, AkzoNobel flew SynMatter to Amsterdam to participate in an accelerator program. Filling in holes, seeing how colors are made and measured, painting in VR and reality with paints we made ourselves, and most importantly, meeting with AkzoNobel experts ranging from coatings to sustainability to IP to marketing was eye-opening and helped clarify SynMatter’s value proposition as a company in general with regard to AkzoNobel.

SynMatter would like to thank AkzoNobel for putting on the challenge, inviting us to Amsterdam and look forward to how we can Paint The Future together.

See SynMatter’s short pitch for its inorganic, trigger release Smart Particle Platform technology:

 

 

For more on the event and future events, please follow Paint The Future on LinkedIn (https://www.linkedin.com/showcase/paint-the-future/), Twitter (https://twitter.com/letspaintfuture) and YouTube (https://www.youtube.com/user/akzonobel/featured)

SynMatter is pleased to announce that it has received a 2019 TechConnect National Innovation Awardee at the TechConnect World Innovation Conference 2019 taking place in mid-June in Boston, MA.

The TechConnect Innovation Awards identify the top 15% of submitted technologies as ranked by the TechConnect Corporate & Investment Partner Committee. Innovation rankings are based on the potential positive impact the submitted technology will have on a specific industry sector. Innovations are submitted from global academic technology transfer offices, early-stage companies, small business innovative research (SBIR) awardees, and government and corporate research laboratories.

SynMatter is being recognized for its Smart Particle Platform Technology that enables the creation of inorganic, trigger release microparticles to produce smart and functional additives for corrosion protection, corrosion detection, antimicrobial, superhydrophobic and personal care products.

SynMatter will be exhibiting its technology at the TechConnect World Innovation Conference and Expo in Boston, MA from June 17-19, 2019 at booth 24 and giving a presentation on June 18, 2019 at 11.35am ( https://www.techconnectworld.com/World2019/tuesday.html)

SynMatter would like to thank the organizer for the award.

For more information about the award, other awardees and the event in general, visit https://www.techconnectworld.com/World2019/participate/innovation/awards.html

 

Out of 160 submissions, SynMatter was selected as one of the finalists for Akzo Nobel’s “Paint the Future” Challenge and has been invited to Amsterdam, Netherlands, to participate in an accelerator program, wow judges and work towards a joint development partnership. SynMatter is very excited and grateful for the opportunity and looks forward to meeting with Akzo Nobel experts to present and learn.

https://www.akzonobel.com/en/for-media/media-releases-and-features/startups-joining-akzonobel-accelerator-program-prepare-wow

https://coatings.specialchem.com/news/industry-news/akzonobel-21-startups-paint-the-future-challenge-000217937

Orlando, FL, February 25, 2019

SynMatter LLC has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $224,993 to conduct research and development (R&D) work on next-generation durable, superhydrophobic anticorrosive coatings.

Corrosion of these metal structures is estimated to cost the world economy around $2.3 trillion in maintenance and replacement capital every year. This Small Business Innovation Research Phase I project will enable the development of a cost-effective, high-performance, durable, superhydrophobic, anticorrosive coating for protecting metal structures, including high-value assets that are essential parts of the US energy infrastructure, such as offshore oil and gas platforms, marine ships and wind turbines. This has the potential to significantly reduce both cost and waste by improving structural safety, reducing maintenance frequency and lengthening the operating lifetime of such vital assets, while at the same time reducing the environmental impact of corrosion protection systems by using less harmful materials, negating coating repainting needs and extending metal lifetime.

“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 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 are very excited and grateful to be receiving this grant from NSF. The funding will enable SynMatter, a Florida high-tech development company, to develop and commercialize a durable, superhydrophobic, anticorrosive coating that will protect metal structures in many environments and thereby extend their lifetime, reducing the environmental impact of repair, maintenance and replacement.” Xuejun Zhang, CEO & Chief Scientist, SynMatter LLC

Once a small business is awarded a Phase I SBIR/STTR grant (up to $225,000), it becomes eligible to apply for a Phase II grant (up to $750,000). 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.

NSF accepts Phase I proposals from small businesses twice annually in June and December. Small businesses with innovative science and technology solutions, and commercial potential are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process.

To learn more about America’s Seed Fund powered by NSF, visit: https://seedfund.nsf.gov/

About the National Science Foundation’s Small Business Programs: America’s Seed Fund powered by NSF awards $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 of about $7.8 billion that supports fundamental research and education across all fields of science and engineering.

 

After presenting to over 15 larger corporations, including several Fortune 500 companies, SynMatter has been accepted into the competitive Plug and Play New Materials & Packaging Startup Accelerator Program in Sunnyvale, CA. Plug and Play is a global innovation platform that provides workspace, workshops, mentoring and connects startups to corporations, as well as invest in over 100 companies every year.

SynMatter would like to thank Plug and Play and its corporate partners for accepting the company into the program.