Bay Area Businesses Awarded 1.5 Million Dollars in State Matching Funds.NEWARK Newark, cities, United States Newark. 1 City (1990 pop. 37,861), Alameda co., W Calif., on the east side of San Francisco Bay; inc. 1955. , Calif.--(BUSINESS WIRE)--Aug 10, 1999-- The Bay Area Regional Technology Alliance (BARTA) announced today that the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). DefeTrade & Commerce Agency has approved state funding totaling more than One and One-Half Million Dollars for eight Bay Area high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. businesses. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dr. Alexander J. Glass, Executive Director of BARTA, funds will be provided by the California Trade and Commerce Agency's Office of Strategic Technology, through the California Technology Investment Partnership (CalTIP) program. Most federal programs that provide support for Research and Development require the participants to share the cost of the project. The CalTIP program provides funds to assist California businesses in meeting this requirement. The program can provide up to one-fourth of the total project cost, with the participating firm also providing one-fourth, and the federal sponsor paying for the remainder. Including this year's awards, 49 Bay Area organizations will have received grants totaling over $9 Million in State funds since the program's inception in 1994, along with at nearly three times that much in federal R&D support. Bay Area businesses were invited to submit proposals to BARTA for the CalTIP Program in March. Forty-five proposals were received, and were evaluated by a distinguished panel of independent experts, drawn from business, financial, academic and government research institutions. Their recommendations were submitted to the Trade & Commerce Agency for approval, along with corresponding recommendations from other regions of California. State-wide, one hundred forty-eight proposals were received, of which thirty were recommended for awards. A total of nearly five million dollars was appropriated for this program in the State budget. Dr. Glass pointed out that the CalTIP Program provides more that just financial support. "We review the proposals that we receive for technical merit, sound management, and market potential," he stated. "Federal agencies take our recommendations into account when making their awards. A positive recommendation from our review can move a proposal to the top of the federal agency's list. While federal agencies focus on technology development," he added, "Our program emphasizes commercialization of those technologies with the greatest market potential." Companies cannot receive CalTIP awards until their proposals are also approved by a federal agency. The approved proposals span a wide range of technologies, including biotechnology, information displays, microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. , therapeutic medicine, manufacturing technology, materials recovery, and aviation instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. .. The companies receiving the awards are located in Alameda Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. , Contra Costa Contra Costa can refer to:
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. counties. Most of the recipients are small businesses (less than 500 employees). "Small, high-tech businesses provide the engine of growth in our economy," Dr. Glass noted. "They not only create new jobs, but through innovation, they launch entirely new products and industries. We're we're Contraction of we are. we're we are trying to apply our limited funds at the point of maximum leverage." -0- The following projects qualified for funding: Anagene Corporation. (Saratoga), Automated Instrument for Quantitative Gene Expression Facilichem, Inc. (Menlo Park), Stable Liquid Membranes Genteric, Inc.. (Alameda), The Gene Pill Integrated Magnetoelectronics (Berkeley), Magnetoelectronics -- The Next Generation of Memories Intevac, Inc. (Santa Clara) Low Cost, Low Light Level Video Camera Kumetrix, Inc. (Union City) Painless Diabetic Blood Glucose Testing Product MBA Polymers, Inc. (Richmond), Developing Marketing Standards for Recycled Thermoplastics Seagull Technology, Inc. (Los Gatos), VSD/AHRS Project (Vehicle Display and Attitude Sensor) -0- The Bay Area Regional Technology Alliance (BARTA), with offices located in Newark, is a private-public partnership established to stimulate technology-based economic development in the Bay Area. BARTA is a collaborative effort of three regional organizations, the Alameda County Economic Development Alliance for Business, the Bay Area Economic Forum, and Joint Venture Silicon Valley. BARTA operates under contract with the California Trade and Commerce Agency's Office of Strategic Technology. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion