Neshanic Station, NJ, May 16, 2025 — Magneton Inc., which specializes in commercializing advanced III-V optoelectronic technologies, announces a Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Direct Financial Assistance Program Bridge Funding Grant awarded by the New Jersey Commission on Science, Innovation and Technology (CSIT).
The funding will permit Magneton to continue work on its advanced single-photon avalanche detector (SPAD) product to bridge the gap between Phase I and Phase II SBIR funding.