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Power systems maker wins state funds
A maker of power systems has been awarded state funds to help commercialize its products.
Lakeshore Advantage in Zeeland, a regional economic development nonprofit, said yesterday that Volta Power Systems in Holland will receive about $12,900 in funding from the Michigan Small Business Development Center, or MI-SBDC, Business Accelerator Fund, or BAF.
The funding is the second MI-SBDC BAF award for the company.
To date, Volta Power Systems has received more than $32,000 in funding from the state program.
“Support of the Lakeshore Advantage team to procure BAF funds helped us truly accelerate our product offerings that helped us win key business for 2016,” said Jack Johnson, director of operations and new business development, Volta Power Systems.
Angela Huesman, VP of talent and innovation solutions at Lakeshore Advantage, said the state-level business accelerator program provides funding for companies looking to advance their technologies.
“We had the opportunity to engage with Volta, which helped them receive funds to commercialize their products and grow their company,” Huesman said.
The MI-SBDC BAF was created with assistance from 13 Michigan business accelerators and is intended to provide access to consulting, entrepreneurial education, planning services and resources to early stage companies in the technology industry.
The program also provides business consulting and commercialization support to companies with a high potential to create jobs and serve as a catalyst for large multiplier effects, according to the MI-SBDC.
Volta Power Systems makes power and energy products for small- and medium-size companies.
The company’s portfolio includes several products: an energy storage system using automotive-grade lithium-Ion technology; a lightweight 48V high-performance alternator; converters; and industrial-grade output inverters compatible with lithium ion.
Volta recently launched a smaller version of its fully integrated power system and offers products for coaches, recreational vehicles, trailers, boating, telecommunications and refrigeration.