St.Paul, Minn. – 08 September 2025
Radwave Technologies Inc. is pleased to announce its latest achievement: the receipt of National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase IIB grant. This prestigious and highly competitive grant will accelerate the commercialization of the company’s electromagnetic tracking (EM) platform, as well as fund additional research initiatives aimed at advancing the technology in minimally invasive and robotic medical procedures.
“The continued support from NSF, building on our previous Phase I/II and TECP-funded research, is a testament to the strength of our technology and its scalability,” said Lev Koyrakh, President, Chief Technology Officer, and Principal Investigator at Radwave Technologies. “The NSF’s endorsement not only validates our technical and commercial progress but also propels us toward the next critical milestone of scaling our platform in the marketplace.”
The NSF Phase IIB award is reserved for select companies that have demonstrated both technical validation and commercial viability. To receive the maximum award of $500,000, companies must match the grant with revenue, investments, or strategic partnerships.
“Thanks to the unwavering support of our customers and investors, Radwave was able to win the full $500,000 non-dilutive NSF grant to support new clinical use cases,” said Andrew Brown, Co-founder and CEO of Radwave Technologies. “As we continue to advance our technology, we can enable accurate and reliable tracking in clinical environments that have previously posed challenges for electromagnetic tracking. This not only pushes the boundaries of our technology but also has the potential to improve safety and efficacy of procedures by enhancing procedural workflows while reducing radiation exposure.”
The grant is awarded under NSF Phase II Award Number 2222580, titled “Modular and Reconfigurable Electromagnetic Navigation System for Surgical Interventions and Medical Robotics.”
About the NSF’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 $1.75 million to support R&D, helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the SBIR program. The NSF is an independent federal agency with a budget of about $8.1 billion that supports fundamental research and education across all fields of science and engineering. For more information, visit seedfund.nsf.gov
About Radwave Technologies Inc.
Radwave Technologies Inc. is the leading provider of novel electromagnetic tracking solutions that helps health care innovators create the next generation of medical devices. The company mission is to develop accurate and reliable electromagnetic navigation technology to improve outcomes of minimally invasive and robotic medical procedures. Radwave Technologies Inc. is a privately held company founded in 2018, and is based in St. Paul, MN.
For more information, visit www.radwavetech.com
