Two Launch Blue Startups Earn Kentucky Matching Funds
February 7, 2022
Two Launch Blue startups are part of a group of nine innovative Kentucky companies that will receive a total of $900,000 in state matching grants to support high-paying jobs and technology development in the commonwealth, Gov. Andy Beshear announced February 7.
The grants are part of the commonwealth's nationally recognized Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program.
The two Launch Blue startups receiving funding are:
AmDx PrognostX Inc. (Pewee Valley): AmDx PrognostX is addressing the significant problem of identifying which prediabetic patients are at high risk for developing progressive diabetes-associated chronic diseases. They are developing a new and disruptive clinical diagnostic test that would identify and stratify prediabetic patients through a personalized approach who are at the highest risk of developing advanced diabetes-associated chronic diseases of the kidney, heart and brain.
Synaptek LLC (Lexington): Synaptek’s technology demonstrates the feasibility of remotely monitoring concussion symptoms using smartphone technology. Using real-time monitoring and machine learning to track and understand concussion symptoms is a completely novel technique in this field and has the potential to transform and improve clinical care by reducing the burden on patient and clinician, while also improving clinical outcomes. This technology can improve concussion rehabilitation and recovery trajectories, addressing a key need in the market.