Monday, June 8, 2009

Pittsburgh’s Technology Collaborative funds nine companies $1.5 M

The Technology Collaborative,
the Pittsburgh-based economic development organization that supports
the growth of world-class robotics, cyber-security and digital
technology, has awarded $1.5 million to nine companies and one Carnegie
Mellon University project.

Eight are Pittsburgh-based and two
are Philadelphia-based companies. All the projects are underway and
will be completed by 2010.

“We received a record number of
proposals which is indicative of the funding challenges faced by early
stage companies across the country,” says David Ruppersberger,
president and CEO of TTC. “The good news is that this particular group
of awardees looks very promising in terms of their potential commercial
success and economic impact on the region.”

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