YBVR AWARDED COMPETITIVE GRANT FROM THE NATIONAL SCIENCE FOUNDATION

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Small Business Innovation Research Program Provides Seed Funding for R&D

San Jose, California, June 5th, 2024 – YBVR has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $998,251 to conduct research and development (R&D) work on revolutionizing the level of the VR training courses for remote students.

YBVR is taking the advantage of the grant to reinvent remote  training participation into a fully immersive and interactive near real-life experience. Participants and coaches don’t need to travel anymore and still feel like they are together at the same location. This will be achieved by elevating YBVR’s existing streaming solution into a real-time, sub-second latency XR solution enabling premium video quality with interactive features and AI adaptability. The solution will be commercially available to enterprises, schools, medical institutes and others in a multi-device strategy including mobile phones, tablets, PC/Mac and for premium experiences on XR headsets.

“NSF is proud to support the technology of the future by thinking beyond incremental developments and funding the most creative, impactful ideas across all markets and areas of science and engineering,” said Andrea Belz, Division Director of the Division of Industrial Innovation and Partnerships at NSF. “With the support of our research funds, any deep technology startup or small business can guide basic science into meaningful solutions that address tremendous needs.”

“YBVR is redefining VR education for vocational and educational providers,” says Hector Prieto, Co-Founder and CEO at YBVR. “Our sub-second delay VR streaming technology allows for a new level of interactivity in seamless 8K quality delivery of real-time courses, bringing students closer to the action and creating a truly immersive learning experience.”

Small businesses with Phase II funding are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales.

Startups or entrepreneurs who submit a three-page Project Pitch will know within one month if they meet the program’s objectives to support innovative technologies that show promise of commercial and/or societal impact and involve a level of technical risk. Small businesses with innovative science and technology solutions, and commercial potential are encouraged to apply. All proposals submitted to the NSF SBIR/STTR program, also known as America’s Seed Fund powered by NSF, undergo a rigorous merit-based review process. To learn more about America’s Seed Fund powered by NSF, visit: https://seedfund.nsf.gov/

About the National Science Foundation’s Small Business Programs:

America’s Seed Fund powered by NSF awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $2 million to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $8.5 billion that supports fundamental research and education across all fields of science and engineering.

About YBVR:

Yerba Buena VR (YBVR) is the world leader in sports in VR, a technology company whose main purpose is to bring emotions closer to sports fans by providing a unique experience that transports them to their favorite sporting events without leaving their homes. YBVR has been six years in the market building the next generation of live immersive video experiences in VR/360, unleashing the potential of immersive broadcasting by providing unparallel immersive experiences to sports fans connected from anywhere with any device: mobile, web, TV, and, of course, XR devices.

Media Contact: Valeria Gómez, Immersive Content Manager at YBVR 

Email: valeria@ybvr.com

For further updates and announcements, follow YBVR on social media: 

X: https://x.com/YBVR360

Facebook: https://www.facebook.com/YBVR360

LinkedIn: https://www.linkedin.com/company/ybvr

Instagram: https://www.instagram.com/ybvr360/

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