Netarus is honored to have been selected as a recipient of the Commonwealth Research Commercialization Fund Award totaling $45,000. According to a press release from the Commonwealth of Virginia, “Governor Terry McAuliffe announced today $3.4 million in funding to support 48 Commonwealth Research Commercialization Fund (CRCF) awards representing targeted areas of promising research commercialization, including cybersecurity, energy, data analytics, unmanned systems and life sciences.”
Mark Shaw, President of Netarus stated, “I would like to express my appreciation for the opportunity that CIT (Center for Innovative Technology) has provided us to enhance and move forward the development of our SiteTrax analytic program. By harnessing the data capture of the Netarus Director platform and turning this “big data” into accessible, searchable business intelligence we will provide our customers with mission-critical, actionable information.”
Around 150 proposals were reviewed, and Netarus was selected as one of the more scientifically sound and commercially promising proposals titled, “Automated Data Capture and Analysis of Unmanned Vehicle Data.” Netarus was the only private company within the CRCF award representing the Danville and Hampton Roads regions in Virginia. The governor explained, “This latest round of awards continues the Center for Innovative Technology’s mission of commercializing lucrative research opportunities by leveraging public and private resources from across Virginia. Cybersecurity, data analytics, unmanned systems technology, and scientific research and development are on the cutting edge of American ingenuity, and our businesses and institutions in Virginia are leaders in these industries. We will continue to support emerging sectors that are pushing the boundaries of exciting research and development to help build the new Virginia economy.”
Netarus was listed on the Center for Innovative Technology (CIT) website as the recipient of the award for “Automated Data Capture and Analysis of Unmanned Vehicle Data, Christopher Machut, $45,000, Unmanned Systems.” Netarus announced plans to use these funds to “further the development of its advance data capture and analytics platform.” Netarus has been developing systems to improve job site safety and accountability since 2012. “The total integration of our HoistCam hardware platform and analytics suite gives Netarus a significant position in the development and sale of management information in the big data era,” says Chris Machut, Chief Technology Officer at Netarus.
Learn more about the award at http://www.cit.org/.