:::Featured Recipient: Entrepreneurship Grant Award - ActiGraph, LLC:::
Business Summary:
Located in Fort Walton Beach, FL, ActiGraph, LLC is the result of a business venture spin-off from Manufacturing Technology Incorporated in April of 2004. The company designs, manufactures and markets activity monitors utilized extensively by the research and medical community to study such items as activity levels, ADHD, obesity, Type II Diabetes and sleep disorders. Originally designed for use by the US Army Ranger program and currently deployed in forty countries around the world, the devices are FDA cleared, portable, body worn and have been independently verified to be the most reliable and accurate measure of activity monitoring on the market today.
ActiGraph sales exhibited a 20% growth from 2003 to 2004, greater than 70% growth from 2004 to 2005 and expects growth in excess of 40% for 2006. Similar growth is expected beyond 2006 due to further penetration into existing markets and through entrance into new markets.
Grant Received: $100,000
Grant Match: $200,000
For more information on the WIRED grant? Click here to go to explore the Access to Capital / Entrepreneurship Grant, used as Seed Capital.