[San Jose, CA], Feb. 8, 2019 – ANAFLASH has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $224,931 to conduct research and development (R&D) work on Energy Efficient Neural Network Accelerator Featuring a Logic Compatible Non-Volatile Synapse Array.
Founded in 2017 in Silicon Valley, ANAFLASH develops local AI hardware accelerator solutions based on computation-in-memory architecture. Compared to existing neural network solutions requiring off-chip access to retrieve neural network parameters, incurring additional communication latency and power consumption, ANAFLASH’s proprietary non-volatile memory solution does remove such off-chip access and can be built without process overhead in the standard CMOS logic process, resulting in latency, security, power, and cost benefits in System-on-Chip (SoC) implementation.
“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
“Edge computing with some degree of AI capability is a massive trend. We seek to build a cost-effective non-volatile neural network accelerator IP for edge devices,” said Sang-Soo Lee, CEO of ANAFLASH.
Once a small business is awarded a Phase I SBIR/STTR grant (up to $225,000), it becomes eligible to apply for a Phase II grant (up to $750,000). Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.
NSF accepts Phase I proposals from small businesses twice annually in June and December. Small businesses with innovative science and technology solutions, and commercial potential are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process.
To learn more about America’s Seed Fund powered by NSF, visit: https://seedfund.nsf.gov/
About the National Science Foundation's Small Business Programs: America’s Seed Fund powered by NSF awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $1.5 million in non-dilutive funds to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $7.8 billion that supports fundamental research and education across all fields of science and engineering.