M3 Wave LLC has been awarded a commercialization grant from OregonBEST, which will aid the company in procuring further funding both from the US Department of Energy and from private investors. M3 Wave LLC is working to commercialize technology developed at OSU to generate wave energy, but unlike other forms wave energy harvesting, causes fewer conflicts with marine life and has no visible parts above the ocean’s surface.

See the full article here: http://sustainablebusinessoregon.com/articles/2012/08/m3-wave-gets-150k-grant.html