Date: Jan 17, 2012 Author: press release Source: senatorcorman.com (
click here to go to the source)
The Pennsylvania State University and ChromaTan Corporation, a State College-based start-up company, have been awarded a total of $250,000 in grants from the Ben Franklin Technology Partners to promote research and create jobs, according to Senator Jake Corman (R-34).
Corman said the grants are awarded to companies and universities to:
Develop early-stage companies with potential for significant job growth.
Provide funding to established manufacturers to grow employment.
Promote regional infrastructure that supports high-growth companies.
Invest in university-based research and development.
ChromaTan Inc. will use its $150,000 Ben Franklin grant to invest in a new technology that could save time and money for companies that purify proteins as part of the process of developing vaccines and conducting biotechnological research.
Penn State was awarded $100,000 to develop a method for removing sulfates from acid mine drainage. Corman said the grant will encourage research that reduces energy demands in the state and shifts those demands to cleaner, alternative energy.
"By investing in these innovative projects, we can help to promote job-creation and protect our environment," Corman said. "I'm pleased Penn State and ChromaTan will receive this important investment so they can continue their work in the area of research and development."
The Ben Franklin Partnership is one of the nation's longest-running technology-based economic development programs. For more than 25 years, it has provided both early-stage and established companies with funding, business and technical expertise and access to a network of innovative, expert resources.
CONTACT:
Mark Meyer
717-787-1377
