U.S. government invests in Philly’s nano development

Oct. 9, 2002 — The U.S. Department of Commerce’s Economic Development Administration gave $442,500 to a new Philadelphia-based group to spur regional growth in nanotechnology, life science research and other emerging technologies.

Innovation Philadelphia, a public-private private partnership, said it will use the money to enhance innovation and knowledge in the region’s economy. The investment will support studies and help focus on new approaches and technologies that will boost development, according to a news release.

The partnership seeks to increase research investment in what it calls “strategic technologies” from public and private sources.


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