New Markets Tax Credit Coalition

Search

Algorithmic Intuition, Inc.

Investment

  • NMTC Amount: $139,500
  • Total Project Cost: $139,500

IMPACT

  • 4 FTE jobs
  • 0 jobs created and 3.5 jobs retained.

Project Description

Algorithmic Intuition, Inc. (“Ai2”) is a company that has developed an IoT solution that leverages machine learning algorithms and neural nets to facilitate 24/7 smart monitoring of key vitals in elderly patients. The Ai2 solution uses a smart patch worn on the core of the body, capturing vitals, posture, temperature, oxygen levels, and fall detection. The project provided Ai2 with the working capital needed to maintain payroll as the company moves towards obtaining 501K clearance from the FDA.

MAP

Address: 300 E. 2nd Street, Reno, NV 89501

Census Tract: 32031000106

Other Nevada Projects

A major investment project is driving industrial growth and employment in Sparks, NV

Riot Edge Solutions Inc. (“Riot”) develops and deploys wireless IOT Edge Devices for large scale specialty applications such as tank level monitoring of chemical sin oil and gas fields. Riot

Three Square food bank now has three locations as part of its mission of helping those who are hungry and food insecure.
Washoe Travel Plaza is a first-of-its-kind NMTC project located on the Washoe Native American reservation in Nevada.