Daylin Frantin studied at Questrom School of Business. Now he and two friends are leading a start-up, Flux Marine Ltd., that is tantalizingly close to turning the small marine engine market on its head.
Rhode Island Inno - Startups moving to Rhode Island with eye on bluetech industry bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
The Rhode Island Commerce Corporation on Friday approved two innovation grants one for $50,000 for American Mussel Harvesters of North Kingstown, and the other for $49,972 to Flux Marine of East Greenwich.
The directors also approved a $250,000 grant to Polaris MEP, a nonprofit group that runs programs to help manufacturers. Polaris will use the award to develop a technology-transfer program with the University of Rhode Island. The state funding will be matched by federal grants.
Gov. Gina Raimondo, board chairwoman, attended the first few minutes of the meeting and said it was probably her last meeting as governor. The Senate Committee on Commerce, Science and Technology is set to consider her confirmation as U.S. Commerce Secretary on Wednesday, with a full Senate vote soon after.