In March, 2017 CRG celebrated 20 years of successful business. Over the years its business model has transformed from straightforward R&D to becoming a technology commercialization incubator, forming new start-up companies based on the advanced technologies and products it has come up with, much of the research funded through government SBIRs/STTRs.
So far, three new companies are experiencing success as subsidiary spin-offs of CRG: Spintech LLC, Advantic LLC, and NONA Composites LLC. More spin-offs are on the drawing board, taking advantage of technologies ranging from structural power supply to specially designed patient litters that stabilize patients with head and spine injuries.
In an economic climate that has been marked with one of the longest recessions since the Great Depression, CEO Patrick Hood is grateful that CRG and its employees have persevered and continue to develop great ideas that change how people do things.