Optimal Solutions, Inc. (OSI), of Lyndhurst, has received a $225,000 National Science Foundation grant with the assistance and guidance of the New Jersey Small Business Center’s Technology Commercialization program which focuses on assisting science-tech companies in taking their innovations from the laboratory to the marketplace.
OSI delivers customized software applications that model, optimize and simulate complex industrial processes and is headed by Vijay Hanagandi, Ph.D.
As a recipient of an NJSBDC Small Business Success Award in December 2013, Dr. Hanagandi commented that, “The help received from the NJSBDC network’s Tech Commercialization Consultant Randy Harmon has been invaluable. It has essentially helped OSI chart a course to become a products company while maintaining its steady consulting practice.”
Dr. Hanagandi appreciates the NJSBDC network’s business guidance and help in securing the National Science Foundation STTR Phase I grant.
In addition to the current project, NJSBDC has assisted Dr. Hanagandi in winning two previous Department of Energy Grants.
The NJSBDC non-profit network is a federal-state-educational partnership. Its expert staff and business practitioners help small business owners and entrepreneurs with every stage of business development and growth.
The network headquarters is located at the Rutgers Business School in Newark. Its major funding partner is the U.S. Small Business Administration. The New Jersey Business Action Center is an additional funding partner of the NJSBDC program as well as other public and private grants/sponsorships. The NJSBDC network is an accredited member of the national association of SBDCs, with more than 1,100 centers and satellite offices throughout the country serving and assisting small businesses and saving and creating jobs across the nation.