Spero Energy Lands Federal Funding

Posted: Updated:
Spero Senior Scientist Ian Klein says the funding will allow the company to "further prepare for commercialization." Spero Senior Scientist Ian Klein says the funding will allow the company to "further prepare for commercialization."
WEST LAFAYETTE -

West Lafayette-based bio-chemical company Spero Energy Inc. has received a $100,000 grant to advance biobased products for the agricultural sector. The funding from the U.S. Department of Agriculture will support work on molecules used to more efficiently deliver micronutrients to a variety of crops.

Spero developed a series of those molecules, or chelates, in the Purdue Research Park of West Lafayette. The company says the technology can help increase crop production and yields. Spero Senior Scientist Ian Klein says the funding will allow the company to "further prepare for commercialization."

The grant comes through the USDA's Small Business Innovation Research program. The initiative aims to help small businesses conduct high-quality research related to significant agriculture issues. Now that Spero has earned a Phase I grant, the company is now eligible to apply for a Phase II grant of up to $600,000.

Spero has offices in West Lafayette and Thousand Oaks, California.\

  • Perspectives

    • Look What's Coming: Tax Reform!

      President Trump and Congress are focused on completing a tax bill prior to year-end. Unfortunately, their timing may require quick action to implement a tax strategy in 2017 that can take advantage of the 2018 changes. What's a taxpayer to do?

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Pacers Set For 'Major' Esports Announcement

      Pacers Sports & Entertainment is planning to Tuesday make what it calls a major announcement regarding the NBA 2K League. The organization is one of 17 NBA teams taking part in the inaugural season of the esports league, which is set to kick off in 2018.

    • Minnesota Company Planning $62M Fort Wayne Investment

      Plans for a nearly $62 million private, mixed-use development have been announced for the Fort Wayne riverfront. The seven-story project will be located next to Promenade Park, which is currently under construction and is one of the signature pieces of the downtown resurgence. Plans from Minnesota-based Continental Property Group include 150 apartments, 20,000 square-feet of retail space and more than 1,000 parking spaces.

    • Anderson Losing 'The Nile'

      A Mediterranean restaurant in Anderson that has been around almost 30 years is closing. In a message on Facebook, the owners of The Nile say they will close "for good" December 23. The restaurant, which is run by Angele and Samir Naby opened in 1990, and bills itself as offering "A Journey of Taste." The message from the Nabys reads...

    • Hundreds of Jobs Planned in Indianapolis

      Delaware-based Sallie Mae (Nasdaq: SLM) is again growing its Indianapolis footprint. The company, which announced a nearly $16 million expansion mid-last year, says it will invest nearly $12 million and add 350 jobs within three years. The newest job commitment, the student loan provider says, will be "over and above" the nearly 280 it pledged last year. In an agreement published by the Indiana Economic Development Corp., Sallie Mae says...

    • The Human Side of Digital Transformation: Dealing With The Monkeys in Your Brain

      "It's not the strongest of the species that survives nor the most intelligent that survives. It's the most adaptable to change," said Charles Darwin. Throughout digital transformation discussions with executives (in and outside of IT), one of the most common conversations is the complexity and challenge surrounding change. Bottom line, change is hard, requires knowing yourself and embracing differences to continue growing your business. Are you ready?