MassVentures, the venture capital arm of the Commonwealth of Massachusetts, named Metamagnetics as one of 10 winners of the 2013 START program. START is a $6 million initiative to help growing companies commercialize technologies developed under Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) contracts. Selected from more than 90 applicants, Metamagnetics received a grant of $100,000 under the 2013 Stage I program for its high frequency self-biased circulators. This is the second Stage I award for Metamagnetics. In 2012, the company won for its high frequency power cores program. Based on its success towards commercialization with the 2012 Stage I grant, it was one of five companies to receive a follow-on $200,000 START Stage II grant.