Home > Press > Ben Franklin Funding Awarded to PSU nanotechnology project
Penn State's Nanotechnology Research and Commercialization project has been awarded $3.5 million from Pennsylvania's BFTDA.
Ben Franklin Funding Awarded to PSU nanotechnology project
University Park, Pa., October 19, 2004
Penn State's Nanotechnology Research and Commercialization project has been awarded $3.5 million from Pennsylvania's Ben Franklin Technology Development Authority (BFTDA) to support nanotechnology education, research and commercialization.
The grant was part of $13.6 million in BFTDA funding announced recently to support Gov. Edward G. Rendell's technology-focused economic development strategy. According to the announcement from the Community and Economic Development Secretary, the grant will provide state co-funding for federally sponsored nanotechnology research centers at Penn State.
Hank Foley, associate vice president for research at Penn State, says, "Penn State is an engine for economic growth in the central region and the Commonwealth. This grant is essential to us and will be used to fund new research in high risk - high reward areas, to improve our infrastructure and facilities, to continue workforce development and education in partnership with the State System of Higher Education and community colleges and to enhance the commercialization of nanotechnology to spur the growth of new business."
The BFTDA grant provides leverage for Penn State to procure further funding from industry and federal agencies such as the National Science Foundation. The BFTDA also provides separate funding for four Ben Franklin Technology Partners throughout Pennsylvania that identify the most promising technological ventures providing them with technical assistance and capital.
Copyright © PSU
If you have a comment, please
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Ben Franklin Technology Development Authority
Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015
Graphenea embarks on a new era April 16th, 2015
Harris & Harris Group Portfolio Company OpGen Files Amended Registration Statement for Proposed Public Offering April 8th, 2015
Harris & Harris Group Reports Financial Statements as of December 31, 2014 and Posts Annual Letter to Shareholders on Website March 17th, 2015
Protein Building Blocks for Nanosystems: Scientists develop method for producing bio-based materials with new properties April 17th, 2015
Oxford Instruments commissions high field outsert magnet system for the National High Magnetic Field Laboratory 32 Tesla magnet program April 17th, 2015
Newly-Developed Nanocatalysts Increase Performance of Fuel Cells April 16th, 2015
Lanthanide-Organic Framework Nanothermometers Prepared by Spray-Drying April 16th, 2015