ANEUVO Awarded $999,999 from the National Science Foundation

Small Business Innovation Research Program Provides Seed Funding for Leading-Edge Research and Development

Los Angeles, California, September 7, 2021– ANEUVO* today announced that it has been recently awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $999,999 to conduct research and development work on an ingestible bioelectronic capsule for closed-loop diagnosis and treatment of gastrointestinal (GI) disorders. With this grant, ANEUVO will advance its novel GI technology development toward pre-clinical validation.

“We are honored to receive this NSF Phase II grant, which required a rigorous review from leading experts in technology, science, business, and finance,” said Yi-Kai Lo, cofounder and CEO of ANEUVO. “This grant award verifies the innovation and feasibility of our technology and approach and acknowledges the potential of ANEUVO and its team.”

*The grant was awarded in the name of Niche Biomedical, which is now doing business as ANEUVO.

About ANEUVO: ANEUVO is a technology and therapy development company dedicated to developing a revolutionary bioelectronic medicines platform to treat diseases and injuries otherwise incurable through conventional approaches.

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.

To learn more about America’s Seed Fund powered by NSF, visit: https://seedfund.nsf.gov/