Small Business Administration Awards Tibbetts for Best SBIR
The Small Business Administration (SBA) has selected Ecovative as a 2013 recipient of the Tibbetts Award for excellence in Small Business Innovation Research (SBIR). Ecovative's Chief Scientist, Gavin McIntyre, accepted the award in a ceremony at the White House on Thursday, May 16. According to the SBA, a study conducted by R&D Magazine between 2002 and 2006 concluded that 25 percent of the annual Top 100 Innovations came from companies that had received SBIR funding. In 2008, Ecovative received its first SBIR grant. Over the past five years, the company has achieved extensive progress toward the development of cost competitive and environmentally preferable biomaterials. In these efforts and accomplishments, the company has been supported by diverse forms of private and commercial funding, including five SBIR grants, three of which led to Phase II programs. Partnerships have included government agencies, academic institutions, and commercial representatives. Ecovative attributes its past successes and future opportunities to the many strategic decisions that have moved forward under a common, strongly supported mission to produce material products that offer safer, higher performing, and economically competitive choices. The Tibbetts Award honors companies and individuals who demonstrate top quality performance in high technology research and deliver progress. Roland Tibbetts, founder of the SBIR program, joined SBA Administrator Karen Mills and Senator Mary Landrieu, Chair of the Senate Small Business and Entrepreneurship Committee in presenting 18 company awards and 3 individual awards for the 2013 event. After five years of research in the SBIR program, Ecovative is proud to join the SBA and the other award recipients in receiving this honor.