Paradigm and WexEnergy win $50,000 in FuzeHub competition
Two area technology firms are among the six companies who won top prizes in the recent FuzeHub Commercialization Competition. Each of the companies was awarded $50,000 in funding after convincing a three-judge panel that innovations they created were worthy of investment. The funds were awarded to the companies from the Jeff Lawrence Manufacturing Innovation Fund. Administered by FuzeHub, the fund is supported by Empire State Development’s Division of Science, Technology and Innovation.
Paradigm’s submission was for control devices that eliminate 98% of the soot in diesel engine exhaust. Using a unique plasma technology, these devices reduce maintenance costs up to 25 percent. The device allows bus fleets and trucking companies to improve fuel mileage.
WexEnergy’s submission was for the company’s low-cost window insulation technology named WindowSkin. This product helps improve the energy efficiency of older windows and improves comfort, lowers energy costs and reduces carbon emissions.
This competition was founded in 2017 by FuzeHub to help small businesses improve a working prototype, enabling the companies to pursue new products.