Foundation series

National Science Foundation Awards Lura Health $1 Million Phase II Small Business Innovation Research Grant

BOSTON–(BUSINESS WIRE)–Lura Health, an innovative medical device company developing the first wearable saliva diagnostic health monitoring system, today announced that the National Science Foundation (NSF) has awarded the company a Phase II Small Grant Business Innovation Research (SBIR Ph II).

The SBIR Ph II grant is a 24-month, $1 million grant that will be used to carry out research and development of the Lura Health monitoring system. This award will accelerate progress towards regulatory submission and expected market launch in 2023.

“We are very happy to continue our cooperation with the National Science Foundation. The NSF is solely focused on bringing high-impact innovations to market and supports startups that tackle humanity’s most critical challenges. With this award, we are proud to join a cohort of diverse and leading technology start-ups, and will greatly benefit from the network as we move towards commercialization. – Daniel Weinstein, BSBME, CEO and co-founder.

This award brings Lura Health’s total funding amount to $2.5 million and is eligible for an additional $500,000 in NSF matching funds. Lura Health is currently raising a serial seed funding round, which is expected to close in the second quarter of 2022.

Lura Health supporters include National Science Foundation (NSF), SOSV, SOSV’s HAX, Dorm Room Fund (DRF), VentureWell, New England Medical Innovation Center (NEMIC). Additionally, co-founders Daniel Weinstein and Noah Hill were shortlisted for the Forbes Under 30 Class of 2021 in the Manufacturing & Industry category.

About NSF Small Business Programs

America’s Seed Fund, powered by NSF, awards $200 million annually to startups and small businesses, turning scientific discovery into products and services with business and societal impact. Startups working in almost any area of ​​science and technology can receive up to $2 million in funding to support research and development (R&D), helping to reduce technology risks to commercial success. America’s Seed Fund is mandated by Congress under the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of approximately $8.5 billion that supports basic research and education in all fields of science and engineering. For more information, visit seedfund.nsf.gov.

About Lura Health

Lura Health is an innovative medical device company developing the world’s first wearable saliva health diagnostic monitoring platform. The company’s wearable saliva diagnostic sensors are positioned to help patients with chronic diseases, allowing them to continuously monitor critical health markers in a non-invasive and low-notice manner. To learn more, visit www.LuraHealth.com.