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 — until then — only believed possible.
Source:
examiner.com
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