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BadVR is using government grants to build a business that’s independent of venture capital

TechCrunch

It’s the second grant that the company has taken from the NSF and is an example of how startups can turn to government funding for capital and avoid some of the pitfalls of fundraising from venture capital. Magic Leap reportedly slashes 1,000 jobs and steps away from consumer plans.

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Firefly’s Alpha rocket detonated by Space Force during first launch

The Verge

Stay tuned to the NSF youtube channel for the full video. Under development for roughly a decade, Alpha is the company’s centerpiece rocket designed to launch tiny satellites to space, serving as one of a handful of small launchers across the industry that are in their infancy, like Astra’s “Rocket 3” and Relativity’s Terran 1.

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Minerva Lithium uses absorbent material to change the way we extract lithium

TechCrunch

We will partner with brine operators either from the lithium industry or chemical companies — for example, bromine manufacturers that have lithium in their water — to use our technology and their brine resources in a strategic partnership,” said Dawood. . By 2021, Minerva had received pre-seed funding from NSF.

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Regher Solar is ready to meet the new space industry’s demand for cheaper, better solar panels

TechCrunch

. “Right now we’re running an R&D pilot line where we can make small quantities of panels — 50 kilowatts, about 5% of what the space industry does,” he said. They also snagged a NASA SBIR Phase I award and an NSF Phase II, totaling $1.1 They’re about to find out.

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PreciTaste lands cash for tech that checks restaurant orders for accuracy

TechCrunch

The food service industry faces steep labor, quality control and sustainability challenges exacerbated by the pandemic. One in 10 managers and employees admitted to NSF in a February survey that, facing high order volumes, they recently skipped automatic cleaning cycles or ignored error messages on equipment.

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Docugami’s new model for understanding documents cuts its teeth on NASA archives

TechCrunch

I created XML with friends in the industry, and Bill accepted it.” The formats became ubiquitous, yet 20 years later the same problem persists, having grown in scale with the digitization of industry after industry. So my first job [at Microsoft] was to create a format that can represent documents as data.

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Hatch, a neobank for SMBs, launches with $20M in funding from investors like Kleiner Perkins, Foundation and Plaid’s founders

TechCrunch

The fintech’s Hatch Business Checking accounts cost $10 a month, don’t charge non-sufficient funds (NSF) or overdraft fees and includes cashback offers. Eligible account holders can also enroll in Hatch Cover, which covers overdrafts up to $100, or apply for lines of credit.