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Frankfort, Ky. – Five high-tech businesses will be awarded more than $1.5 million as part of the state’s program to support and attract technology-based small business to the state.

Two of those companies receiving awards are based out-of-state but are relocating to Kentucky. The companies receiving awards in the second quarter of 2015 include:

Gismo Therapeutics, Inc. (Fayette County): Gismo is a Lexington-based company that recently relocated from New York. The company is developing a class of small molecule therapeutics to disrupt the inflammation cycle of Rheumatoid Arthritis (RA).