Last year's Innovation Accelerator competition, held by Wichita State’s WSU Ventures and funded through the Kansas Department of Commerce, has resulted in the addition of 15 jobs.
In early 2015, seven technology-based companies were awarded with $109,600 in funding through the Competitive Innovation Accelerator Shock Tank competition. The competition sought innovation with commercial applications and a market-ready timeline of 18 months.
Through the funds supplied to the companies, the accelerated projects added seven full-time jobs and eight student jobs during the term of the award. Four of these jobs were sustained beyond the term of the award. Of the seven companies involved, three had sales during the term, and six of them advanced their projects toward commercial outcomes as per the technology readiness level (TRL).
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