Contact: Bill Cumbie (757) 344 – 8607 June 10, 2017
Tech Startup Pancopia Lands State CIT Award
HAMPTON, VA; June 13, 2016 – Pancopia, Inc., an environmental R&D and consulting company, was awarded a $50,000 matching grant from the Center for Innovative Technology (CIT), a technological business initiative program run by the Commonwealth of Virginia. Secretary of Technology Karen Jackson noted, “The Virginia technology community submitted nearly 150 proposals during this solicitation, an increase of more than 66 percent over the previous round in 2015. The awards made in this round will continue to produce the exciting outcomes already demonstrated by the portfolio, including intellectual property created and licensed, job and company creation, and follow-on investment.” The press release from Governor’s McAulliffe’s office with details of the award announcement can be accessed at https://governor.virginia.gov/newsroom/newsarticle?articleId=15591.
The grant will enhance Pancopia’s research and development of a new technology to remove nitrogen from wastewater at one third the cost of current technologies. Early research that established feasibility of this technology was funded by NASA through a Phase I SBIR contract in 2016. Development of this environmentally friendly technology will decrease the amount of nutrient runoff pollution, be more energy efficient, easier to operate, and reduce costs to about one-third the price of current systems.
Bill Cumbie, the company’s founder and Chief Technical Officer was extremely pleased by the award and noted, “This award permits us to advance our research in critical areas and is a validation of the importance of our research. We greatly appreciate the endorsement of our research by the Commonwealth of Virginia and the Center for Innovative Technology. We are excited to see where our research takes us.”
About Pancopia, Inc.
Pancopia is a private R&D and engineering company specializing in environmental and energy engineering. Located in Hampton, VA, its personnel have several decades of experience providing sustainable environmental and energy solutions throughout the commonwealth. To learn more about the company, please visit us online at http://www.pancopia.com.