Profile Systems Design Group, Inc. | | FOR IMMEDIATE RELEASE
Commercialization Investment Fund Award Winners May 28, 2002
May 28, 2002 - Commercialization Investment Fund Award Winners $1.6 Million Invested in Companies and Researchers in Kentucky Kentucky rolled out a new weapon in its drive to foster high-tech companies: the first batch of awards authorized by the Kentucky Innovation Act of 2000. "These awards are designed to aid our companies in creating marketable products from cutting-edge university research products - and to invest in companies taking new technologies to the marketplace," Gov. Paul Patton said in announcing them. As called for by the Innovation Act, the money is set up as a set of three venture funds: The Kentucky Commercialization Fund, The Rural Innovation Fund, and the R&D Voucher Fund. To learn more about the award winners, please follow the links below. Rural Innovation Fund: Profile Systems Design Group
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| | | Project Team: Jon and Jim Love
Location: Madisonville, Kentucky
Program: CIF-144-RUR
Priority Research Focus Area: Information Technology and Communications
Amount Requested: $25,000
Project Summary: TransActPOS is a retail point-of-sale software application designed for use within hardware stores and gift shops. Funds will be used to further refine and complete development of its point-of-sale software, TransActPOS 700. PSDG utilizes state-of-the-art object oriented software to provide a versatile point-of-sale package to fulfill the accounting and inventory needs of retail businesses. This funding will enable PSDG develop SQL database testing, wireless application development, and programming validation. | |
Kentucky Commercialization Fund: | University Affiliation | Name of Applicant | Project | Amount Awarded: | | Northern Kentucky University | Rebecca White | 5/3 Bank Entrepreneurship Institute | $74,859 | | University of Louisville | John Naber | Assenti | $67,439 | | University of Louisville | Mark Brennan | PsychGenome | $65,295 | | University of Louisville | James Zanewicz | Technology Transfer Office | $45,000 | | University of Kentucky | Joseph Fink III | Intellectual Property Development Office | $75,000 | | University of Kentucky | William (Benjy) Mikel | Food Incubator | $74,960 | | Western Kentucky University | Nicholas Crawford | Center for Karst and Cave Studies Resaerch | $75,000 |
R&D Voucher Fund: | Company Name | Name of Applicant | University Partner | Amount Awarded: | | Murty Pharmaceutical, Inc. | Ram Murty | Murray State University | $100,000 | | NetQuest Services | Cris Anderson | University of Louisville | $99,732 | | TreeGuide, Inc. | Tom Kimmerer | University of Kentucky | $100,000 | | ArchVision, Inc. | Randall Stevens | University of Kentucky | $99,935 | | Buckman Jet Drilling | Bill Buckman | Western Kentucky University | $100,000 | | ChipRx, Inc. | Patricia Eisenhardt | University of Kentucky | $100,000 | | LevTech, Inc. | Philip Mantey | University of Kentucky | $100,000 | | Medeqco Medical Technologies, LLC | Kai Trompeter | University of Louisville | $100,000 | | Metal Chelation Chemicals | David Atwood | University of Kentucky | $99,545 |
Rural Innovation Fund: | Name of Company | Name of Applicant | Project | Amount Awarded | | B&B Sales, Inc.: DBA Pulse Trainer | Ben Falmelen | Pulse Trainer | $7,500 | | Immpheron, Inc.: DBA: ChemClark | Heinz Kohler | ChemClark | $6,500 | | Irvine Technologies, LLC | Doug Thorpe | Combustion Engine | $24,200 | | Profile Systems Design Group | Jon Love | TransActPOS | $25,000 | | Two Dimensional Instrument, LLC | Rick Kaestner | ThermaViewer | $25,000 | | Eagle Environmental Products, LLC | Jim Patton | Mercury Contamination Clean-up | $25,000 |
For More Information Contact:
Profile Systems Design Group, Inc.
47 West North Street
Tel: 270.821.0720
FAX: 270.825.9183
Internet: info@psdg.com
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