Utah Small Business Finds Successful Strategy to Fund Technology Development

May 16, 2023

Provo company Nielson Scientific has continued to grow without taking on debt and with no outside investors. Under CEO Greg Nielson, the company has stayed lean and relied on intentional strategies that have proven immensely important to the company’s growth. The company leverages non-dilutive R&D funding through a competitive federal program, finds niche ways to commercialize products, utilizes Utah Technology Innovation Funding (UTIF), and creates strategic partnerships.

These strategies, along with a recent grant from the U.S. Department of Energy (DOE) for $1,150,000 through the competitive federal Small Business Innovation Research (SBIR) program, will allow the company to continue its development of a large-area, nano-laser-ablation tool for filters.