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Marine hardware company receives innovation grant - Trade Only Today

Marine hardware company receives innovation grant

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A marine hardware company in Mystic, Conn., is among the first 10 companies in the state to receive grants through a stimulus program.

Tylaska Marine Hardware received $25,000 through the Small Business Innovation and Diversification Program, which is funded with $500,000 to help Connecticut's small businesses develop, produce and get new products into the marketplace, The Day (New London, Conn.) newspaper reported.

Tylaska applied its grant to develop an improved clevis pin that could revolutionize the sailing industry and potentially double its sales, both maintaining and creating additional manufacturing jobs.

"There is no question - the future of manufacturing is innovation, whether it is in products, materials, production or distribution," Connecticut Gov. M. Jodi Rell said in a statement. "Helping small businesses like these will ultimately pay big dividends in growth and prosperity for Connecticut."

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