WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Thursday, December 13, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email

Parabricks Awarded Competitive Phase II Small Business Innovation Research (SBIR) Grant from the National Science Foundation
Thursday, October 11, 2018

Funding Empowers Company to Further Innovate and Streamline GPU-Based Personalized Medicine Workflows Using High Performance Computing Techniques

ANN ARBOR, Mich. and SAN DIEGO, Oct. 11, 2018 /PRNewswire/ -- Parabricks((TM)) has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant for $748,104 to commercialize innovative technology by conducting research and development (R&D) work to greatly accelerate secondary genomics processing and analysis using graphics processing units (GPUs). The Michigan Emerging Technologies Fund matched the grant with $125,000 to support commercialization efforts. The company will present its latest product advancements at the American Society of Human Genetics 2018 Annual Meeting October 16-20 in San Diego, California.

Parabricks is developing high performance GPU-based software solutions for higher throughput, lower cost next generation sequencing data analysis, the foundation for precision medicine. The Parabricks technology accelerates secondary data analysis from days to less than 1 hour while simultaneously reducing cost and generating fully equivalent output. Its customizable, high performance computing techniques are focused on the industry-leading genomic analysis tools such as GATK4. This funding will support expansion of technical capabilities, producing a turn-key solution for researchers and clinicians.

"The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts," said Barry Johnson, Director of Division of Industrial Innovation and Partnerships at NSF. "We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology."

"This award will significantly advance Parabricks' efforts to expand on the development completed in Phase I, and allow the company to commercialize a broad portfolio of software solutions including deep-learning based analysis for researchers and clinicians using genetic information in their work," said Dr. Mehrzad Samadi, Parabricks CEO and Co-Founder. "By providing faster results at significantly lower cost, Parabricks is enabling community to analyze large data sets, which was a challenge before."

Small businesses can receive up to $1.5 million in funding from NSF. Companies must first have received a Phase I award (up to $225,000) to become eligible to apply for a Phase II grant (up to $750,000) to further develop and commercialize the technology. Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.

About the National Science Foundation's Small Business Programs: America's Seed Fund powered by the National Science Foundation (NSF) awards nearly $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 $1.5 million in non-dilutive funds 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 $7.5 billion that supports fundamental research and education across all fields of science and engineering. To learn more about the NSF SBIR/STTR program, visit:

About Parabricks:
Parabricks provides high performance GPU-based software solutions for analysis of next generation sequencing data, resulting in high throughput at reduced costs compared to other available solutions--in the cloud or on-premise. Parabricks brings proprietary high performance computing techniques to accelerate the data analysis process of the industry-leading genomic pipelines--from days to less than one hour and reduces cost- generating fully equivalent and accurate output. Parabricks software can integrate seamlessly with deep learning techniques, statistical packages and visualization tools, leading to faster data insights. For more information, please visit or contact Parabricks at

View original content:

SOURCE Parabricks

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav PINTEC enables Zhejiang Rural Credit Cooperatives with Robo-advisory solution | Dec 13, 2018
Nav ISLE 2019 Set to Gather Thousands of SIGN & LED industry Leaders in China | Dec 13, 2018
Nav Warm Materials Inc. is Looking to Turn Back Time With Its Newest Kickstarter Product, WOODSUM Pinhole Camera | Dec 13, 2018
Nav Florida Technical College Selects Private Eyes to Provide Background Checks | Dec 13, 2018
Nav H&D Wireless Selected by Skanska to Increase Security in the Construction Industry Using the Internet of Things | Dec 13, 2018
Nav LF Deep Learning Welcomes Horovod Distributed Training Framework as Newest Project | Dec 13, 2018
Nav VIDORA Gives Leading Businesses a Boost Through Self-Service Machine Learning | Dec 13, 2018
Nav BaseHealth Launches First Predictive Analytics Platform Using Patient Laboratory Data to Reveal Hidden Health Risks | Dec 13, 2018
Nav Skateboarding Legend Tony Hawk Returns To Gaming With Best-In-Class Mobile Game: Tony Hawk's Skate Jam | Dec 13, 2018
Nav accesso┬« and Merlin Entertainments Take Long-Standing Partnership to New Heights at The Bear Grylls Adventure | Dec 13, 2018

Submit News | View More News View More News