SterraClimb is the first portable, fully powered stair-climbing hand truck, which eliminates the need to carry heavy objects up and down stairs. The company’s patent-pending technology enables users to transport loads across uneven surfaces and up and down stairs without physical exertion or strain.
SterraClimb is the brainchild of Princeton University undergraduates Steven Kamara and Michael Yang. Two versions of the product are being developed — one for the everyday consumer and one for businesses that deliver heavy packages on a daily basis.
“We’re extremely pleased that the EDA has recognized our technology and the many goals we have set for the near future,” says Gregory Rollins, CEO of SterraClimb, who joined the company in 2007. “We are confident that this investment will aid in the deliverance of a very exciting array of high-technology products, as well as creating jobs in New Jersey.”
The Edison Innovation Fund was created to support life sciences and technology companies throughout their discovery, development and commercialization stages.
“The support of technology companies within the state is crucial to growing New Jersey’s economy and reputation as a home for innovation,” said Caren Franzini, CEO of EDA. “SterraClimb is a perfect example of a company that is using the Edison Innovation Fund to take a great idea and develop it to meet the needs of the marketplace.”
Since the launch of the Fund in October 2006, New Jersey has delivered more than $330 million in financing assistance, venture fund investments, business incentives and tax credits to early-stage and established life sciences and technology businesses.
In addition, more than $670 million in total public/private capital has been leveraged by Edison Innovation Fund investments.
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