What's New

Zack Hutchins
Director of Communications

November 5, 2001

NYSTAR awards $8 million for regional technology-development efforts

The state Office of Science, Technology, and Academic Research (NYSTAR) has announced awards of nearly $8 million to 10 different not-for-profit organizations.

The grants will establish these organizations as Regional Technology Development Centers (RTDCs) for up to five years. These centers are charged with giving New York's small and medium-sized manufacturing and technology-driven businesses advice and direct services designed to enhance these firm's competitiveness.

These grants represent initial funding to support RTDC activities through June 30, 2002. Subsequent funding will be made on an annual basis. One grant was made in each of the state's 10 economic development regions.

The following grants were awarded:

Each RTDC received a base award of $300,000, plus an additional allocation based on the percentage of manufacturing and research and development individuals employed at small- and medium-sized companies in the region.

The RTDC program is an integrated service delivery program that draws on three related programs: the Technology Development Organization program; the Industrial Technology Extension Service program; and the federal Manufacturing Extension Partnership program.

RTDCs help companies improve productivity and quality. They also assist in strategic planning, securing financing, addressing intellectual property issues, and establishing links with universities and other research facilities to help these companies integrate new technologies into their operations.

NYSTAR administers several programs that focus on research, technology transfer, commercialization and support of small- and medium-sized manufacturers and technology-based companies, businesses that drive economic growth in New York State. The goal of these programs is to create high-quality jobs through the introduction of new research, companies, products and processes.