Medical Alley, Minn. – 15 December 2021
Radwave Technologies, Inc. has been awarded a Launch Minnesota Innovation Grant award for the second time in a row, to conduct research and development (R&D) work on its advanced electromagnetic navigation system.
The grants are most recently awarded to 25 most promising startups in Greater Minnesota with innovative scalable technology businesses. It is a new statewide collaborative effort to support entrepreneurs and accelerate the growth of startups that are developing new products and services in the region. In addition, this grant will help strengthen Minnesota’s position as a national leader in launching and growing new innovative technologies.
Radwave Technologies Inc. develops and manufactures an electromagnetic (EM) tracking platform that is highly accurate, reliable and customizable. The system has been designed from the grounds up for seamless integration with medical devices and advanced minimally-invasive procedures. It can accurately track multiple medical instruments over the entire patient’s body with high sampling rates, and its sensing volume can be tailored to the clinical procedure’s requirements.
“We thank the state for continuing to invest in entrepreneurs and the innovation ecosystem in the state. This grant will help us further develop advanced features for our EM tracking technology,” says Andrew Brown, Chief Executive Officer of Radwave Technologies Inc.
About Launch Minnesota
Launch Minnesota is a new initiative aimed at growing Minnesota’s startup ecosystem. Launch Minnesota, spearheaded by DEED, is aimed at growing Minnesota’s startup ecosystem. The Launch Minnesota Network, which started in March 2020, includes 8 hubs and over 80 partner organizations statewide in a hub-and-spoke model designed to help startups access resources and education wherever they are based. To learn more about grant opportunities, see a listing of grant recipients and access application materials, visit LaunchMinnesota.org.
DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and its services, visit the DEED website.
About Radwave Technologies Inc.
Radwave Technologies Inc. is a technology company that develops and manufactures electromagnetic-based tracking systems for use in biomedical and other applications. The company’s patented modular platform is accurate, precise, and can be easily customized to meet customer’s exact specifications.
The company was founded in 2018, and is based in St. Paul, MN.
For more information, visit www.radwavetech.com