pennsylvania programs supporting technology commercialization and economic development

Pennsylvania Programs SupportingTechnology CommercializationAnd Economic Development

FLC Mid-Atlantic MeetingSeptember 15, 2005Jack Gido, Director

Economic and Workforce DevelopmentPenn State University

Keystone Innovation Zone Background

Keystone Innovation Zones

Innovation Partnership

NASA SBIR Mentoring Program

NASA Industry-Led Technology Infusion Project

Keystone Innovation Zone Background

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Pennsylvania lost more young people than any other state in the 1990s

Keystone Innovation Zones

• Create Community/University Partnerships

• Generate Job Growth through Technology Transfer and Entrepreneurship

Keystone Innovation Zones

• Turn University Communities into Entrepreneurial Incubators

• Create “Knowledge Neighborhoods”

• Network of Support and Resources

Keystone Innovation Zones

• Identify Specific Geographic Zones

• Identify Target Industries

• Identify Partnerships

• Identify KIZ Coordinator

Keystone Innovation Zones

• KIZ Grants– Support Zone Coordinator and Operations– Up to $250,000 declining over 4 years– One-to-One Cash Match, increasing over 4

years• Keystone Innovation Grants

– Improve University Technology Transfer– $750,000 over 3 years– Match required

• Tax Credits• Priority for State Programs

Keystone Innovation Zones

• Encourage Creation of New Businesses• Expand Current Businesses• Facilitate Technology Transfer from

Universities• Improve Economy and Attractiveness

of Communities• Job Growth, Brain Gain• Performance Measures

Current Map of Zones

Erie

Warren McKean Potter Tioga Bradford Susquehanna

Wayne

Pike

Monroe

Carbon

Bucks

Montgomery

Phila

.

Delaware

Chester

Berks

Lancaster

YorkAdams

FranklinFultonBedfordSomersetFayetteGreene

Washington

Beaver

Allegheny

Butler

Lawrence

Mercer

Crawford

Venango

Forest

Clarion

Armstrong

Westmoreland

Indiana

Jefferson

Clearfield

Huntingdon

Centre

MifflinJuniata

Perry

Cumberland

Dauphin Lebanon

SchuylkillSnyder

Union

Lycoming

Sullivan Wyoming

LuzerneColumbia

Lackawanna

Lehigh

Northumberland

Clinton

Cameron

Northampton

Montour

Cambria Blair

Elk

Who is the Innovation

Partnership?

Founding Partner Organizations

Associate Partner Organizations

•Consortium of Economic Development and Business Assistance Organizations

•Help PA Companies Secure Federal Funding

•Focus on SBIR/STTR

•SBIR Workshops

•Partnership Members Identify and Screen Companies

•Independent Reviews of Proposals at No-Cost

•Micro-grants to Support Proposal Development

• 176 Companies Assisted

• 56 Micro-grants Awarded

• 13 SBIR Awards

• 23% Win Rate Compared to 12.5% nationally

NASA Mentoring Program• Encourage/Accelerate Commercialization

• NASA Prime Contractors as Potential Market

• Identify and Select SBIR Phase 2 Companies

• Identify Mentors

• Mentoring Workshops

• NASA Follow Up

NASA Industry-Led Technology Infusion Project

• Assist SBIR Phase 2 Firms in Commercializing Technology

• Foster Partnerships between System Integrators and SBIR/STTR Firms

• Opportunities for Joint Development

For More Information on

Keystone Innovation Zones

www.NewPA.com

Innovation Partnership

www.innovationpartnership.net

PA Department of Community and Economic Development