FR8relay, a Bentonville logistics technology company, received a $1 million grant from the National Science Foundation.
The Phase II grant is through the Small Business Innovation Research (SBIR) program and will fund FR8relay’s machine learning model project designed to improve the efficiency of the company’s relay concept.
FR8relay works to transform long-haul trucking by addressing inefficiencies, using computer modeling for trucks to relay their loads with other trucks to improve shipping times, sustainability and profitability.
FR8relay CEO Aayush Thakur co-founded the company in 2017 in Memphis. Relocating to Bentonville in 2020, the team began work with the Arkansas Small Business and Technology Development Center for SBIR application development services. Catherine Corley, ASBTDC, UA business and innovation consultant, teamed with the ASBTDC lead center innovation specialist and worked closely with the company to secure previous SBIR awards and grants.
NSF Phase II awards must include a robust commercialization plan to ensure the technology solution has a clear path to market. “Catherine Corley played a pivotal role again in guiding us through the development of a compelling proposal,” said Deme Yuan, FR8relay Chief Operating Officer. “She helped us refine and highlight our competitive advantage.”
Corley met with the FR8relay team on a weekly basis to review progress on the proposal and scheduled additional meetings to cover specific topics, such as the Commercialization Plan. Her background and expertise were helpful in shaping the strategy and narrative of the commercial opportunity and challenges. “It is a pleasure to work with the FR8relay team,” said Corley. “They are professional, organized and appreciative of our contributions.”
Corley has assisted several other SBIRs and noted the great working relationship and rhythm with the FR8relay team. “They are very receptive to feedback and suggestions, based on the level of trust and openness that has been built over time,” said Corley.
FR8relay and its project partners are eager to embark on the NSF Phase II work plan.