The Technology Investment Office (TIO) aims to support Pennsylvania's economic growth through technology and innovation. Its mission is to strategically invest in programs that help technology companies and universities advance their work. TIO works with pre-revenue startups, growing tech companies, universities conducting research, and organizations focused on infrastructure, training, and facilities. It measures the economic impact of the programs it supports, such as jobs created and funds leveraged. Current initiatives include support for key industry clusters, life sciences, broadband expansion, and workforce development programs.

1. Association of Independent Colleges
Universities of Pennsylvania
Overview of Technology Investment Office
October 25, 2011
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2. Mission
The mission of the Technology Investment Office is to strategically support
programs and investments which create a continuum of financial and technical
services to advance the creation, growth, success and global competitiveness of
Pennsylvania’s companies and universities.
TIO’s Goal
 The goal of the TIO is to ensure that the variety of TBED organizations and
initiatives located throughout the state are working collaboratively to fully leverage
the wealth of research, capital sources, and support services available to build a
comprehensive infrastructure that supports company growth.
TIO’s Customers
 Pre-revenue, emerging and mature technology companies
 Universities engaged in R&D that can be commercialized
 Community organizations focusing on technology infrastructure, training and facilities
 Investment community
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3. Technology-Based Economic Development
• Expanding PA’s Economy Through Innovation
– Technology will drive the economies of the future
• New technologies and new industries
• New technologies applied to traditional industries
• Distinctly different than Traditional Economic Development
– Required Elements:
• Intellectual Infrastructure
• Mechanisms for Transferring Knowledge
• Highly Skilled Workforce
• Risk Capital
• Industries/firm based strategies
– Creates a supportive environment for innovation and
3 entrepreneurship - not bricks and mortar funding

4. Importance of TBED
• Translation of new discoveries into the marketplace
• Jobs created are high salaried/high value jobs
• Targets emerging and growth industries
• Creates private/public collaborations and partnerships
focus on the “pull” of new technology
• Drives workforce development to focus on new skills
• Leverages non-state funds
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5. Industry Clusters
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6. Pre-Revenue________________________________________________________________________ _
Valley of Death
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7. History of TIO Budget
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
BFTDA Total
$40,000,000
TIO Budget
$30,000,000
$20,000,000
$10,000,000
$0
FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12
Additional Funds for FY 2011 -2012:
•Federal Broadband Funds – ARRA
•Energy Funding
•Venture Returns
•State Small Business Credit Initiative
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8. TIO Metrics
• From July 2006 through June 2010, 1,191 New
Companies have been formed due to TIO assistance
• 24,294 Businesses have been assisted through TIO
programs since July 2004
• 87,042 new jobs have been created/retained from July
2004 through June 2010
• $6.526 billion has been leveraged since July 2004
• Metrics collected through semi-annual surveys – actual
jobs reported, new companies formed, businesses
assisted and leveraged funds
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9. Current Technology Programs
• Technology Authority Portfolio
– Keystone Innovation Zones/Innovation Grant Program
– University Commercialization
• Pending Nanotechnology Funding
– Ben Franklin Technology Partners (including energy funding)
– Venture Capital Investments (17 PA funds)
– Technology Development Program (PennTAP, Innovation
Partnership)
• Life Science Greenhouses
• Broadband Initiatives
– Outreach and Aggregation (state funding)
– Technical assistance for businesses (federal ARRA 9

10. Technology Programs, con’t
• KIZ Tax Credits - $25 million annually
• R&D Tax Credit Sale Program
• Workforce Development Programs
– 2+2+2 career pathways
– PSU Nano semester
• Manufacturing
– Powdered Metal Initiative
– Agile Mfg (Lehigh University) & PA Infrastructure Tech Alliance
– Manufacturing Ombudsman (vacant)
• Tobacco Settlement Fund
– Significant venture fund investments in PA 10
– CURE Funding – university R&D (Dept. of Health)

11. DCED Initiatives for TBED
• Focus on ensuring growth capital for PA early stage tech
firms and existing firms
• Emerging industry investments – Nanotech Funding
• Improve the impact of the existing TBED Network of
providers
– Improve collaborative research, tech transfer with IHE’s
– Deploy tools to support technology acceleration
– University IP Policies
• Advanced manufacturing
– Nat’l Governor’s Association: PA selected as one of seven states
to develop an advanced manufacturing state strategy 11

12. Questions?
Contact:
Tom Palisin
Acting Deputy Secretary
Technology Investment Office
tpalisin@pa.gov
717-787-4147
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