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
TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014
Arrowhead Issues Open Letter to Shareholders October 9th, 2014
PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014
Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014
Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014
QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014
Advancing thin film research with nanostructured AZO: Innovnano’s unique and cost-effective AZO sputtering targets for the production of transparent conducting oxides October 23rd, 2014
Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014