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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

Nanotechnology Commercialization in Pennsylvania

“Across the world, the competition to find the next great scientific advancement continues to grow… as  a competitor in the global marketplace, it is Pennsylvania’s responsibility to give our universities, companies and partners the best opportunties to be on the forefront of these advancements.”

–The Honorable Edward G. Rendell
Governor of Pennsylvania