Structural Composites is one of 13 Florida companies that will share nearly $3 million in grant funding through the Florida Research Commercialization Matching Grant Program.
Structural Composites was awarded $245,000 to boost its innovative lightweight boat technology in this highly competitive grant program.
"We are very excited to have these grant funds as it will greatly leverage our efforts as we develop the next generation of cost effective lightweight boats for the military. The grant boosts our federal efforts and will accelerate the deployment of our technology into the recreational boat and recreational vehicle industries," company president Scott Lewit said in a statement.
"Many highly skilled boatbuilders live in Florida, Many of Florida's boat factories sit empty or underutilized. For example, our technology can help create a new generation of fuel-efficient boats and RVs that offer performance and functionality, but can be towed by smaller, more fuel-efficient, vehicles," he added.