Grant

September 1 - 5, 2014

$1.974 million in Public Works funds to the University of South Carolina-Columbia Technology Incubator and the University of South Carolina Development Foundation, Richland County, South Carolina, to construct a new entrepreneurship and technology commercialization center to serve as the regional hub for USC’s and the region’s entrepreneurship, incubation, and acceleration programs. The Center will include a range of resources to support early stage business ventures and is the cornerstone of a new technology corridor, the USC Innovista Innovation District. The facility will leverage its proximity to the USC research activities, emerging technologies, and student/faculty talent to help create a world class ecosystem centered on USC. This investment is part of a $4,473,959 project that the grantees estimate will create 698 jobs and leverage $11.9 million in private investment.
$600,000 in Economic Adjustment funds to the Ben Franklin Technology Partners of Southeastern Pennsylvania, Philadelphia, Pennsylvania, to support the creation of the Advanced Manufacturing for the Medical Device Industry initiative. The initiative will address southeastern Pennsylvania’s job losses in the life sciences industry by facilitating the development and growth of advanced manufacturing practices in the region’s medical device industry. This investment is part of a $1,264,610 project.