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Alloy Enterprises Awarded $1M from the National Science Foundation

Alloy Enterprises Awarded $1M from the National Science Foundation

Small Business Innovation Research Program Provides Seed Funding for R&D 

Somerville, MA, December 16, 2021 – Alloy Enterprises has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $1M to conduct research and development (R&D) work to accelerate the automation of their novel Aluminum Additive Manufacturing technology.

Alloy Enterprises’ technology enables on-demand production for aluminum parts. Aluminum parts are a fundamental element for increasing adoption of electric vehicles – lightweight aluminum components allow for increased efficiency and longer vehicle range. Alloy’s novel process will allow US manufacturers to increase supply chain resiliency through reshoring production.

“We are grateful that an institution such as NSF supports these impactful innovations. Our product is capable of transforming the aluminum supply chain and this funding will significantly accelerate its commercialization.” said Dr. Ali Forsyth, Co-founder and CEO of Alloy Enterprises.

“NSF is proud to support the technology of the future by thinking beyond incremental developments and funding the most creative, impactful ideas across all markets and areas of science and engineering,” said Andrea Belz, Division Director of the Division of Industrial Innovation and Partnerships at NSF. “With the support of our research funds, any deep technology startup or small business can guide basic science into meaningful solutions that address tremendous needs.”

About the National Science Foundation’s Small Business Programs: America’s Seed Fund powered by NSF awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $2 million in funding to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $8.5 billion that supports fundamental research and education across all fields of science and engineering.

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