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DCED Resources FINAL 9-2
DCED Resources FINAL 9-2
Amount of Funding: $27.6 million divided evenly between the 4 partners for FY 08-09
Type of Assistance: Funding for new product or process development and implementation for small,
young technology companies. Various services for primarily tech-oriented
companies
Amount of Funding: $260,000 FY 08-09. Since inception: Total - $10.4 million; DCED - $3.15million;
Foundations and Corporate Sponsors - $7.25 million
Region: Southwest PA
History: Founded in 2002 to fill gap in business funding for those innovative ideas which could
become viable tech start-up businesses
Type of Assistance: Coach and fund entrepreneurial teams helping to transform them into start-up
businesses
Impact: To date, assisted in launching 40 new companies, created 277 direct jobs, companies
raised additional $30M in capital, 1 liquidity event
Region: Statewide
Type of Assistance: Technical assistance, funding, outreach, and education to help PA companies win a
greater share of federal SBIR/STTR grant funding.
Region: Statewide
Type of Assistance: One-stop shop for member companies for licensing IP, reducing barriers and
eliminating obstacles that have traditionally impeded technology transfer and
commercialization
Region: Statewide
Amount of Funding: 4% interest rate; maximum loan amount $200,000 or 50% of project cost,
whichever is less
Region: Statewide
Amount of Funding: $7,376,000 DCED; $400,000 DEP; $3,766,761 Federal; $4,740,340 Universities
(FY07-08)
Region: Statewide
Industry: Not industry-specific
History: Inception in 1980. 18 university based centers & over 100 outreach locations
Type of Assistance: Free one-on-one consultations to help test new business propositions, craft
business plans, or investigate funding opportunities
Impact: Since 1990, assisted PA entrepreneurs in starting more than 24,300 businesses;
obtain $2.1 billion in start-up and expansion funding and created over 104,800 new
jobs
History: Non-profit, member-driven organization formed in 2005 through the merger of the
Pittsburgh Digital Greenhouse and The Robotics Foundry
Type of Assistance: Collaborative research, education/ training, business support, networking
opportunities and talent recruiting services
Amount of Funding: $14.5 million FY 07-08 (including $2.5 million for Keystone Innovation Starter Kit
Grants)
Region: Statewide
Industry: Technology
History: BFTDA currently has 14 venture partners
Region: Statewide
Region: Statewide
Region: Statewide
KIZs are designated zones that have been established in communities that host institutions of
higher education designed to foster innovation and create entrepreneurial opportunities.
Region: Statewide
Industry: Technology-based and entrepreneurial
Type of Assistance: Funding to develop local partnerships established in geographic zones around
colleges and universities which funds and services are targeted to create/support
start-up firms
Region: Statewide
Type of Assistance: Credit on PA state taxes equal to 50% of increase in gross revenues in the
preceding two years. Limit of $100,000 annually. Tradability option.
Amount of Funding: At least 4:1 Match: Funds based on economic impact to an area/region – Job
retention/creation – Amount of Private Investment
Region: Statewide
Industry: Manufacturing/Industrial, Agribusiness, R&D, Export Services
Eligible Applicants: Must be private company, municipality, IDA, IDC, municipal or redevelopment
authority, or private developer
Eligible Use of Funds: Construction/rehabilitation of infrastructure or buildings; site preparation;
acquisition of land and buildings; upgrade of machinery and equipment; working
capital; job training; environmental assessments; remediation of hazardous
materials
Industry: Technology
Type of Assistance: Loans to venture capital fund managers to invest in early stage Pennsylvania
based technology companies
Amount of Funding: Since Dec. 2006, R&D Tax Credits may be awarded up to a limit of $40 million
annually
Region: Statewide
Industry: Variety of Industries
History: Tradability option launched in Spring 2004 as part of the Economic Stimulus
Program
Type of Assistance: Companies that have held tax credits awarded for a minimum of 1 year and not
having tax liability may apply to sell and assign their R&D tax credits to a buyer
Amount of Funding: 4% interest rate; maximum loan amount $200,000 or 50% of project cost,
whichever is less
Region: Statewide
Impact Project must create/retain at least one job for every $35,000 borrowed
Region: Statewide
Industry: Advanced Manufacturing, IT, Life Sciences and Nanotechnology
Type of Assistance: Funds to establish technology workforce pipelines in high schools and four year
schools
Region: Statewide
Impact: Provide early to mid-stage businesses working capital during their early
operational years