Recent Developments in the Pennsylvania Tech Industry
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Posted On :
Nov-06-2012
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Article Word Count :
550
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Even in a down economy, the Pennsylvania technology industry has continued to blossom. In 2010-11, Benjamin Franklin Technology Partners helped create over 24 new companies, and Department of Community and Economic Development assistance programs created 5000 technology jobs, and retained over 11,000 more.
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Even in a down economy, the Pennsylvania technology industry has continued to blossom. In 2010-11, Benjamin Franklin Technology Partners helped create over 24 new companies, and Department of Community and Economic Development assistance programs created 5000 technology jobs, and retained over 11,000 more.
High Rankings
In fact, Pennsylvania ranks as the seventh biggest state for technology employment according to Tech America Foundation's 2011 Cyber States Report. Pennsylvania just passed Illinois in the rankings. Business television network CNBC places Pennsylvania at number five in their rankings for technology and innovation in its 2012 America's Top States for Business report. One of the reasons for the continuing growth of the high-tech industry in Pennsylvania is the long-standing teamwork between the Pennsylvania business community and universities. The state uses a series of initiatives which strengthen the relationship between the two.
University Partnerships
For example, the Department of Community and Economic Development coordinates with regional organizations to help transition technology from colleges into real products that are produced and sold by firms centered in Pennsylvania. In particular, the department is focused on attracting technology partners in the areas of cyber security, digital technology and robotics. To help support these companies, the department supports programs to find world-class talent and help incubate early-stage companies.
Another example of the expanding Pennsylvania technology industry is the growth of the Pennsylvania College of Technology. Recently they announced they may establish a new location in Towanda, Pennsylvania. The plan is to offer noncredit courses in the beginning. Later they might offer for-credit university level programs and full degrees.
Government Ties
Pennsylvania is noted for its partnerships between government organizations and the Pennsylvania business community. In Pittsburgh tech business news, recently the FBI organized a DNS Changer Working Group that brought together technology researchers, vendors and competing companies to give their time and talent to avoid a major web catastrophe.
Working together, they were able to alert each other about a particularly nasty strain of malware, remove it immediately, or prevent an initial infection. FBI supervisory Special Agent Thomas Grasso received the J.D. Falk Award from the Messaging, Malware and Mobile Anti-Abuse Working Group meeting in Baltimore for organizing the DNS Changer Working Group. This recent Pittsburgh tech business news is one example of the close ties between regulatory bodies and the technology industry.
Research and Development
In the world of technology, research and development is of utmost importance. In the five-year period between 2004 and 2009, over 5000 technology-related patents were assigned to individuals and organizations in Pennsylvania. In 2009, over 45 Pennsylvania companies received grants from the National Institute of Health to help develop new technology with potential commercial appeal.
Part of the reason for the growth of the technology in Pennsylvania is the physical location of the state. It is situated within 500 miles of more than one-third of the US population, six of the 10 biggest economic markets in the United States and almost two-thirds of Canada's population.
As the American economy continues to attempt to regain its footing, the Pennsylvania business community leads the way with close partnerships between government, universities and the technology sector. With continued emphasis on innovation and commercial growth, the future looks bright for technology in the state.
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Article Source :
http://www.articleseen.com/Article_Recent Developments in the Pennsylvania Tech Industry_233903.aspx
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Author Resource :
The author has an immense knowledge on Pennsylvania business community. Know more about Pittsburgh tech business news related info in his website.
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Keywords :
Pennsylvania business community, Pittsburgh tech business news,
Category :
Society
:
Society
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