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Pennsylvania Programs Supporting Technology Commercialization And Economic Development FLC Mid-Atlantic Meeting September 15, 2005 Jack Gido, Director.

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Presentation on theme: "Pennsylvania Programs Supporting Technology Commercialization And Economic Development FLC Mid-Atlantic Meeting September 15, 2005 Jack Gido, Director."— Presentation transcript:

1 Pennsylvania Programs Supporting Technology Commercialization And Economic Development FLC Mid-Atlantic Meeting September 15, 2005 Jack Gido, Director Economic and Workforce Development Penn State University

2 Keystone Innovation Zone Background Keystone Innovation Zones Innovation Partnership NASA SBIR Mentoring Program NASA Industry-Led Technology Infusion Project

3 Keystone Innovation Zone Background Pennsylvania lost more young people than any other state in the 1990s

4 Keystone Innovation Zones Create Community/University Partnerships Generate Job Growth through Technology Transfer and Entrepreneurship

5 Keystone Innovation Zones Turn University Communities into Entrepreneurial Incubators Create “Knowledge Neighborhoods” Network of Support and Resources

6 Keystone Innovation Zones Identify Specific Geographic Zones Identify Target Industries Identify Partnerships Identify KIZ Coordinator

7 Keystone Innovation Zones KIZ Grants –Support Zone Coordinator and Operations –Up to $250,000 declining over 4 years –One-to-One Cash Match, increasing over 4 years Keystone Innovation Grants –Improve University Technology Transfer –$750,000 over 3 years –Match required Tax Credits Priority for State Programs

8 Keystone Innovation Zones Encourage Creation of New Businesses Expand Current Businesses Facilitate Technology Transfer from Universities Improve Economy and Attractiveness of Communities Job Growth, Brain Gain Performance Measures

9 Current Map of Zones Erie WarrenMcKeanPotterTiogaBradford Susquehanna Wayne Pike Monroe Carbon Bucks Montgomery Phila. Delaware Chester Berks Lancaster York Adams Franklin FultonBedford Somerset Fayette Greene Washington Beaver Allegheny Butler Lawrence Mercer Crawford Venango Forest Clarion Armstrong Westmoreland Indiana Jefferson Clearfield Huntingdon Centre Mifflin Juniata Perry Cumberland Dauphin Lebanon Schuylkill Snyder Union Lycoming Sullivan Wyoming Luzerne Columbia Lackawanna Lehigh Northumberland Clinton Cameron Northampton Montour Cambri a Blair Elk

10 Who is the Innovation Partnership? Founding Partner Organizations Associate Partner Organizations

11 Consortium of Economic Development and Business Assistance Organizations Help PA Companies Secure Federal Funding Focus on SBIR/STTR

12 SBIR Workshops Partnership Members Identify and Screen Companies Independent Reviews of Proposals at No- Cost Micro-grants to Support Proposal Development

13 176 Companies Assisted 56 Micro-grants Awarded 13 SBIR Awards 23% Win Rate Compared to 12.5% nationally

14 NASA Mentoring Program Encourage/Accelerate Commercialization NASA Prime Contractors as Potential Market Identify and Select SBIR Phase 2 Companies Identify Mentors Mentoring Workshops NASA Follow Up

15 NASA Industry-Led Technology Infusion Project Assist SBIR Phase 2 Firms in Commercializing Technology Foster Partnerships between System Integrators and SBIR/STTR Firms Opportunities for Joint Development

16 For More Information on Keystone Innovation Zones www.NewPA.com Innovation Partnership www.innovationpartnership.net PA Department of Community and Economic Development


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