CRG #1 SBIR awardee in Ohio

CRG is currently the #1 SBIR awardee in the State of Ohio, based on receiving over $50 million in awards on the Small Business Innovation Research (SBIR) program since being founded in 1997. The company also ranks #1 in the same metric over the last year, the last 3 years and the last decade. These SBIR awards have allowed CRG to build a tremendous portfolio of intellectual property they can capitalize on through both subsidiaries and within the core business. The $50 million in SBIR awards has led to an additional $90 million in non-SBIR revenue during the history of the company.

The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.

CRG celebrates 20 years in business

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, now called Kineticure 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.

CRG featured in DBJ Cover Story – Innovation Machine

(l-r) Spintech president Craig Jennings, NONA Composites president Ben Dietsch, CRG president and CEO Patrick Hood, Advantic president Brad Doudigan

On May 8th, 2015, the Dayton Business Journal published a cover story about CRG titled “Innovation Machine.” The article highlighted CRG’s spin-off businesses Advantic, Spintech and NONA Composites and the industries they target.

“Patrick Hood spent years trying to perfect a model to commercialize products from his research and development firm. Seems he found the right formula and now the Dayton region stands to benefit.” If you’re a DBJ subscriber, read the full article here.