Lapovations LLC, a small business formed at the University of Arkansas, received a $999,429 Small Business Innovation Research Phase II grant from the National Science Foundation. The grant builds on the success of its $225,000 Phase I grant and will be used to develop and commercialize its products.
Lapovations is a medical device company that focuses on improving laparoscopy, or minimally invasive abdominal surgery. The company was formed in the New Venture Development program presented by the U of A’s Office of Entrepreneurship and Innovation. In 2018, Lapovations became the most successful startup competition team in U of A history, winning seven state, regional and national business plan competitions, placing second in two others, and earning more than $305,000 in cash and investment prizes.
In 2019 Lapovations was awarded a $50,000 grant by Arkansas Economic Development Commission as part of the Arkansas Small Business Innovation Research Matching Grant Program. Lapovations