Company specializing in safety technology receives grant
An up-and-coming small business in Austin now has a big financial boost to continue to grow the company.
Axelo Incorporated received a $250,000 grant from a Chase Bank contest for small businesses.
Axelo specializes in safety sensing technologies that help improve lives. Developers just finished creating a tool that helps prevent motion sickness.
Now they're creating a system that prevents serious head injury for those who play sports. They're building sensors to go inside helmets that can detect where an impact was made on the head and the severity, as well as gather environmental and physiological factors that can play a role in injuries.
"We think if there's a way if we can help, at least, alleviate this problem or reduce its incidents, it would be a good thing to have. It's not technology for its sake, its technology applied to improve the quality of life, and evidentially save someone's life," Pierre Touma, Axelo Inc. CEO and Founder.
Almost 35,000 small businesses across the nation submitted applications to win a chase grant.
Axelo was one of only 12 chosen to receive the $250,000 prize.