Ask Dr. Riccardo Signorelli, CEO of clean-technology company FastCAP Systems, what role the government may have had in getting his business off the ground and his answer is brief.
“The American Recovery and Reinvestment Act made FastCAP possible,” Signorelli said. “Simple as that.”
Signorelli and John Cooley, the co-founder of FastCAP, came into business following six years of research and development in the MIT Laboratory for Electromagnetic and Electronic Systems (LEES) Lab. At MIT, Signorelli and Cooley discovered they had come up with a revolutionary energy storage technology.