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Pennsylvania Programs Supporting Technology Commercialization And Economic Development

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. Keystone Innovation Zone Background. Keystone Innovation Zones

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Pennsylvania Programs Supporting Technology Commercialization And Economic Development

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  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 Susquehanna Warren McKean Potter Tioga Bradford Wayne Crawford Forest Wyoming Elk Cameron Sullivan Lackawanna Venango Pike Mercer Lycoming Clinton Clarion Luzerne Jefferson Columbia Monroe Lawrence Clearfield Montour Union Centre Butler Carbon Armstrong Northumberland Northampton Beaver Snyder Mifflin Schuylkill Indiana Lehigh Juniata Allegheny Cambria Berks Blair Bucks Perry Dauphin Lebanon Westmoreland Huntingdon Montgomery Washington Cumberland Phila. Chester Lancaster Fayette Somerset Bedford Fulton Franklin York Delaware Greene Adams

  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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