Hong Yuan Holding Group (HGYN)

[vegasvic]

The Tea Spot, Inc. Awarded $460,000 Small Business Innovation Research Grant by U.S. Department of Agriculture

The Tea Spot has been selected for a competitive Small Business Innovation Research (SBIR) award by the National Institute of Food and Agriculture (NIFA), the cooperative research agency within the U.S. Department of Agriculture (USDA). The $460,000 award is for marketing research in support of the commercialization of compostable bioplastic tea filters for making loose leaf tea to-go in mass-foodservice. The Tea Spot will develop a marketing and distribution strategy for the compostable tea filters, trademarked Brewlux™, based on the results of research sponsored by the SBIR grant. Brewlux™ filters are made of U.S. corn resin, and will be manufactured in Colorado. A prototype of this product was awarded “Best Innovation” at the 2010 World Tea Expo in Las Vegas