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Home > News > State seed money allows tech firms to flourish

June 11th, 2007

State seed money allows tech firms to flourish

Abstract:
When Omar Knio and Timothy Weihs needed money to produce a reactive nanofoil to revolutionize computer technology, Maryland stepped up.

The State of Maryland.

"We're a traditional, venture-backed company," Reactive NanoTechnologies spokesman John Hannafin said. "The state actually acted in a role as venture capital."

With a $50,000 grant from the Maryland Technology Development Corporation in 2001, the two Johns Hopkins professors were able to develop the technology they had ó until then ó only believed possible.

Source:
examiner.com

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