In the News
Metamagnetics Wins 2015 START Stage III Program,
Awarded $500K by MassVentures
State Grant Catalyzes Commercialization of Metamagnetics’ Self-Biased Ferrite Circulator Technology in High-Frequency Applications
MassVentures, the venture capital arm of the Commonwealth of Massachusetts, recently named Metamagnetics as one of the winners of the 2015 START Stage III program. START is a $3 million initiative to help growing companies commercialize technologies developed under Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) contracts. Selected from a pool of technology-driven companies in Massachusetts, Metamagnetics received a grant of $500,000 under the 2015 START Stage III program for its high-frequency, self-biased ferrite circulators. Under its Stage I and Stage II Small Business Innovation Research (SBIR) and along with several defense commercial contracts, Metamagnetics has grown revenues by 60%, increased employment by 140%, and leveraged its START funds into $2,470,000 in additional outside capital. From this grant, it aims to actively promote its proprietary ferrite technology through its laboratory in Canton, MA, into the commercial world of critical sensing, earth-science, and communication applications—and in the process, return some of the investment to the region’s economy.
Metamagnetics to Showcase Ferrite-Based Power Core Technology
at APEC 2014
Metamagnetics, Inc. will introduce HI-EFF 13, a low-loss, highly permeable power ferrite designed for use in high frequency applications at APEC in March. The company will be exhibiting at the Applied Power Electronics Conference and Exposition (APEC) 2014 from March 16-17, 2014 in Texas at the Fort Worth Convention Center (Booth # 449). Based in Canton, MA, Metamagnetics develops and markets advanced ferrite-based solutions to enhance the performance and effectiveness of mission-critical security, surveillance and communication systems. It partners with top security and defense organizations to design and deploy leading-edge current and next-generation commercial and defense products.
Metamagnetics to attend Satellite 2014 in Washington, DC
Metamagnetics will showcase its next generation radar technology that is lighter, cheaper and better performing across a broad range of wireless and satellite communication applications, such as advanced wireless services (including 4G), cable TV relay, cellular service, GPS, mobile satellite, and space operation and research.
Metamagnetics Wins Massachusetts State Grants
Advanced ferrite-based solutions provider, Metamagnetics, receives MassVentures START Stage I and Stage II funding, focused on supporting early-stage, high-growth companies to commercialize its technological innovation.
Metamagnetics Wins Multiple Federal Contracts This Year
Advanced Ferrite-based solutions provider, Metamagnetics, receives three SBIR Phase I contracts from NASA, NAVSEA, and the Office of Naval Research, focused on supporting early-stage, high-growth companies to commercialize its technological innovation.
Report Shows Northeastern Spinoffs Help Fuel Economic Growth
University Distinguished Professor Vincent Harris had been developing novel materials at the Naval Research Laboratory for almost 15 years when he founded Metamagnetics, a small business that develops radar and communication electronics for military applications.
MassVentures Names Metamagnetics START Winner
The venture capital arm of the Commonwealth of Massachusetts, MassVentures has named the 10 winners of START, a $6M program funded by the state to help early-stage Massachusetts businesses commercialize their technology under Small Business Innovation Research (SBIR) contracts.
MassVentures Awards $2M to 2013 “START”
Stage I and Stage II Program Winners
MassVentures announced today the 2013 START Stage I and Stage II program winners. START is a $6 million initiative funded by the Patrick Administration and administered by MassVentures to help growing companies commercialize technologies developed under Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) contracts.