Touchstone's President/CEO, Brian Joseph recently made a presentation about the Government's Small Business Innovation Research (SBIR) program at Robert C. Byrd Institute in Huntington, WV. The SBIR program has been very important in the development of Touchstone's next-generation technologies which are the heart of the recent and upcoming spin-out businesses.
Approximately $2.5 billion is awarded through this program annually. The United States Department of Defense (DoD) is the largest agency in this program with approximately $1 billion in SBIR grants each year. Over half the awards from the DoD are to firms with fewer than 25 people and a third to firms of fewer than 10. Historically a quarter of the companies receiving grants are receiving them for the first-time. Besides the DoD, there are also programs with the National Institutes of Health, the National Science Foundation, NASA, the Department of Agriculture, and many others.
Brian believes that the SBIR/STTR program can be an agent of positive change for communities across West Virginia.
Thank you, RCBI for putting on this conference and thank you for all you do for our state!
Touchstone wins another CFOAM Thermal Protection System R&D program!
Touchstone will be building on past thermal protection system (TPS) efforts and develop a new innovative lightweight and low-cost system that provides protection from lightning strikes as well as from heat and atmospheric debris.
This will be accomplished by utilizing a lightweight carbon foam (CFOAM) as the foundational material. Electrical and thermal modeling will be used to evaluate the design. The $1M Phase II Small Business Innovative Research program is funded by the MDA.
IPO Watch listed CFOAM, Ltd. as the 4th most successful IPO on the Australian Stock Exchange in 2016. Touchstone is proud of this spin out company and the team that took the company public. CFOAM has invested substantially in to increase production in the original CFOAM manufacturing plant. https://ipowatch.com.au/blog/2017/1/8/ipo-winners-losers-2016