Covington's CitiLogics Scores $150,000 Grant from Commonwealth
CitiLogics, an innovation-driven engineering technology start-up firm, announced that it has been awarded a Phase One, $150,000 Small Business Innovation Research (SBIR) matching grant from Kentucky’s SBIR Matching Fund Program. The goal of the SBIR Program is to accelerate the commercialization of technology-focused innovations to the marketplace. The goal of this award is to support the continued development of CitiLogics real-time Predictive Analytics software that helps water utilities anticipate pipe breaks and leaks; improve drinking water freshness and work smarter with intelligent data visualization tools.
CitiLogics is a portfolio company at UpTech, the Covington-based start-up accelerator.
“CitiLogics’ idea of actually seeing the condition of thousands of miles of underground pipes will not only reduce cost and improve the quality of our water in the Commonwealth, but also the rest of the nation,” said Governor Steve Beshear. “Kentucky is proud to support innovative companies like CitiLogics and help transform those ideas into reality.”
Jim Uber, Principal of CitiLogics affirms the support the firm has received. “We are so very fortunate to be headquartered in Northern Kentucky. The business value of the public and private support we have received to accelerate our ideas to market is a competitive advantage, probably not found anywhere else.”
This $150,000 SBIR grant awarded through the Kentucky Science and Technology Corporation (KSTC) matches a previous $150,000 Federal SBIR grant from the National Science Foundation. Phase One SBIR funding makes companies eligible for Phase Two funding, which can provide an additional $1.25 million to accelerate the research to commercialization process.
Small businesses and entrepreneurial start-ups are one of the main drivers of innovation and competitive advantage in the global economy. Uber echoes that sentiment about the power of small business innovation. “Our goal is to fundamentally alter the way that real-time data and predictive models are accessed and used throughout the global water industry. 2014 will continue to see CitiLogics get accelerated traction by bringing research-level engineering and applied-practice to that overarching goal.”
CitiLogics brings research-level engineering expertise to practical-scale problems in the water and wastewater industry. We develop models and analytics that help our clients better operate and manage their municipal water infrastructure investments. http://www.citilogics.com