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Accomplishments and Economic Impact

The NTI has been aggressive in the areas of technology and economic development. To date, the NTI has helped produce more than 740 intellectual property assets managed, facilitated 48 technology licenses, created or assisted 43 young companies, and attracted more than $255 million in public and private investment to the region.

Enhancing the direct economic impact of technology commercialization, the NTI contributes to the local economy and job creation through the expansion of university research programs and leveraging federal research dollars.

The success of NTI-sponsored research programs enhances the reputations of sponsored researchers, thereby improving the success rate of their grant applications, and nurtures collaborations, which provide access to funding programs and sources that individual researchers would not otherwise have.

The timeline for successful commercialization of any new transformative technology is long—as long as 15 to 20 years for biotechnology—and significant funding is required.  By these criteria, nanotechnology is still in its early stages. However, recent NTI achievements clearly demonstrate the acceleration of nanotechnology commercialization and validate the NTI model.


Nanotechnology Institute: Impact Figures

Technology Development and Commercialization

Dollars Leveraged

$284M

Intellectual Property, Patents, etc.

821

Jobs Created/Retained

200+

Companies Created

43

Assistance to Young Companies or Companies Started

60+

Technology Licenses

67

Projects

116

Dollars Deployed

$16.3M

Publications

831

Seminars/Symposia (Presentations Given)

1463

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Citizens Impacted

People Attending Seminars/Symposia

123,797

Internships provided

116

Why Is Small So Big?

Nanotechnology deals with products and processes that are measured in almost unbelievably small increments called “nanometers”—one billionth of a meter.

At the nanoscale, materials differ from larger objects in their physical, chemical and biological properties; therefore, they lend themselves to new and improved materials, systems and devices. Nanotechnology is behind the development of such diverse advancements as:

  1. Drug Delivery
  2. Biofiltration and Separation sciences
  3. Improved coatings for medical devices

Thanks to rapid advances in this exciting new field, we now have the tools and talents to manipulate materials on the molecular scale—a technology literally changing the world as we know it.


The NTI is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority.