If you’ve been following our blog for some time, you’re probably familiar with the SAF-T vest and the work the team at Davenport SAF-T Systems are doing to help prevent catastrophic falls. Late last week we learned that Davenport SAF-T Systems was awarded with a $28,000 Innovation Grant from the program Launch Minnesota! We share more details about the grant and how you can get involved in today’s blog.
Launch Minnesota Innovation Grant
Launch Minnesota Innovation Grants help to provide funding to some of Minnesota’s most promising innovative and scalable technology businesses. Since its creation during the 2019 legislative session, Launch Minnesota has awarded 178 innovation grants to 130 unique grantees totaling more than $4.2 million. This funding is aimed at accelerating the growth of startups and to help amplify Minnesota as a national leader in innovation.
13 projects received funding during this round of grants from Launch Minnesota, and we’re proud to say that Davenport SAF-T Systems was provided with a $28,000 grant. This funding will be used to help offset some of their more pressing expenses as they move out of the early stages of development and towards more advanced prototyping.
The grant is administered through the state of Minnesota in a 2:1 matching reimbursement model, meaning that the state reimburses the startup with $1 for every $2 spent on qualifying expenses like local engineering and contractor services, market research and equipment expenses.
Davenport SAF-T Systems believes this grant will help move them one step closer to solving the fall crisis in older populations, which currently places a $50 billion burden on our healthcare system and patients every year.
If you’d like to learn more about the SAF-T vest, check out some of the blogs we’ve written about it in the past:
SAF-T Vest Earns U.S. Patent
SAF-T Vest Named To Mass Accelerator Program
SAF-T Vest Moves Forward With First-Generation Prototype<
You can also learn more about the project and stay up to date on the latest news by heading over to the Davenport SAF-T Systems website. We’re excited to learn about this grant opportunity and hope that the team at Davenport SAF-T Systems will continue to build on their early success with their SAF-T vest.
(Dr. Silverman sits on the advisory board for Davenport SAF-T Systems)
