Parallax Advanced Research Receives Next Disbursement of $9.6M in Funding
Parallax Advanced Research has received $9.6 million in federal funding to help expand their Academic Partnership Engagement Experiment (APEX). This expansion will bring APEX out to West Virginia and the Appalachian region, from the southern tier of New York State to Georgia. This funding was approved in an effort to bring talent in these regions to the Department of the Air Force as they work to advance national defense.
This $9.6 million represents the second major disbursement from the original $49 million APEX Partnership Intermediary Agreement (PIA), which Parallax was selected to lead in 2019. APEX is trying to connect universities, businesses, and the government in these R&D efforts, highlighting the importance of collaboration.
Parallax’s expansion effort into the State of West Virginia will be led by U.S. Air Force Retired Colonel Sean Frisbee. Frisbee is president & CEO of the West Virginia University Alumni Association and will transition out of this role to take on the expansion effort in summer 2021. In addition to this expansion, APEX helps small businesses focused on relevant R&D through the SBIR and STTR application programs. They offer resources including national engagement, collaborative challenges, blue-sky events, webinars, education and training, process navigation consulting, team matchmaking, technology transition facilitation, and expanding the U.S. wide network of traditional and non-traditional defense contractors to develop and commercialize new dual-use products and services focusing particularly on small business.
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