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March 15th, 2008
Region's high-tech efforts net $1.25 million from state
Abstract:
Rendell also announced $9.8 million for six nanotechnology projects, including one in Pittsburgh.
"The great thing about investments in new technology is that not only are they good from a business standpoint -- they create good, high-paying jobs and new, hopefully successful, businesses -- but they also help us deal with some of the challenges we face on the health side, on the safety side. They make the quality of life better for all Americans," Rendell said.
The Pennsylvania Nanomaterials Commercialization Center, in the technology park along the Monongahela River between Oakland and Hazelwood, has received $1 million.
The nonprofit commercialization center receives state, corporate and foundation funding. The center provides seed money to help transform university research in nanotechnology into companies and products.
The center has invested $1.25 million in young companies since its 2006 founding and will announce another $750,000 in investments next week, said Executive Director Alan Brown.
One promising investment, Brown said, has been with Oakland company Plextronics. The goal is to commercialize CMU research to produce an ink that can be used to print organic solar cells. Now manufactured from silicon, solar cells printed with ink could be made much more cheaply, he said.
Source:
pittsburghlive.com
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