COVINGTON, Ky. – More money is flowing to a Greater Cincinnati water technology company.
Covington-based CitiLogics announced Tuesday that it has won a Phase One, $150,000 Small Business Innovation Research matching grant from Kentucky’s SBIR Matching Fund Program.
The goal of the program is to help technology companies get their innovations to market more quickly. This funding is designed to help CitiLogics continue developing its real-time Predictive Analytics software that helps water utilities predict pipe breaks and leaks, improve drinking water freshness and work smarter, according to a news release issued by the company.
“CitiLogics’ idea of actually seeing the condition of thousands of miles of underground pipes will not only reduce cost and improve the quality of our water in the Commonwealth, but also the rest of the nation,” Gov. Steve Beshear said in the release. “Kentucky is proud to support innovative companies like CitiLogics and help transform those ideas into reality.”
Jim Uber, a principal of CitiLogics, said in the release that his company is lucky to be located in Northern Kentucky.
“The business value of the public and private support we have received to accelerate our ideas to market is a competitive advantage, probably not found anywhere else,” he said in the release.
The $150,000 grant awarded through the Kentucky Science and Technology Corporation matches a previous $150,000 federal SBIR grant from the National Science Foundation. Phase One funding makes companies eligible for Phase Two dollars, which can provide $1.25 more to help the company commercialize its research.