Local Startup Lapovations Awarded $100,000 Small Business Award

Jared Greer, center, receives the winner's check at the 2018 SEC Student Pitch Championship, with Carol Reeves, left, of the U of A, and Blake Petty, right, of Texas A&M University.
Photo Submitted

Jared Greer, center, receives the winner's check at the 2018 SEC Student Pitch Championship, with Carol Reeves, left, of the U of A, and Blake Petty, right, of Texas A&M University.

Lapovations, a medical device company started by U of A alumni, has been awarded a $100,000 Small Businesses Innovation Research Phase II Matching Grant from the Arkansas Economic Development Commission. The grant builds on a similar $1 million Small Business Innovation and Research award Lapovations received from the National Science Foundation in 2020.

The purpose of the grant is to support continued development of the trademarked AbGrab, a laparoscopic device that enables surgeons to lift the abdomen less invasively and more reliably prior to surgery.

The federal Small Business Innovation and Research award program incentivizes small business to pursue research and development with the potential for commercialization. The goal is for the businesses to reach their technological potential and to create a pathway to profitability through commercialization.

The matching funds from the AEDC are designed to encourage growth and keep small businesses in Arkansas competitive for these larger federal awards, like the NSF award, that will help drive the creation of high-wage and high-skill jobs.

Lapovation is creating a range of products to improve minimally invasive surgery. The company first came together in the graduate-level New Venture Development course sequence offered by the Sam M. Walton College of Business. Alumni from the College of Engineering and the Walton College of Business won a series of pitch competitions, generating hundreds of thousands of dollars in cash and investments. CEO Jared Greer also graduated from the U of A with a master's degree in biomedical engineering. The company was headquartered at the U of A Startup Village and has since moved into the Arkansas Research and Technology Park.

Contacts

Hardin Young, assistant director of research communications
University Relations
479-575-6850, hyoung@uark.edu

Andy Albertson, director of communications
Office of Economic Development
479-871-9653, aalbert@uark.edu

Headlines

Study Finds Discreet Shipping Used to Sell E-Cigarettes to Minors

Researchers at the U of A found businesses on TikTok are circumventing local, state and federal laws that restrict the individual sale of tobacco products.

Pat Johnson Named Bess Lomax Hawes National Heritage Fellowship Recipient

The U of A Libraries’ Arkansas Folk and Traditional Arts will host the 2024 Bess Lomax Hawes National Heritage Fellowship celebration on Thursday, June 13.

Monika Szakasits Retiring From the Law Library After 20 Years

Szakasits, associate director of the Young Law Library, is retiring at the end of May after 20 years of service. A reception will be held at 11 a.m. Friday, May 31, at the Six Pioneers Room of the Law School.

USDA-NIFA Grant Supports Microwave Tech to Zap Weed Seeds

Scientists and engineers with the Arkansas Agricultural Experiment Station are investigating the use of 915 MHz microwaves to neutralize weed seeds underground, including those that are herbicide resistant.

Political Science's Bayram Named a Leader for the International Studies Association

A. Burcu Bayram, professor of international relations for the Department of Political Science, has been elected as the vice president and section chair of the International Studies Association.

News Daily