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Eastside high-tech companies receive state R&D; funding

For Immediate Release: July 12, 1998

Seattle - Washington Technology Center (WTC) recently awarded more than $375,000 in R&D; grant funding to six Eastside high tech companies teamed with university researchers. The six projects were among a total of 13 awarded statewide and will be administered through the WTC's Research and Technology Development (RTD) grant program. The goal of the RTD program is to provide research funding to industry/university research collaborations to develop commercially promising technology that will create jobs in Washington.

The six companies are concentrated in two technology areas -- microelectronics and biotech/biomedical instruments. The eastside companies are:

Microeletronics Category

Micro Encoder, Inc. of Kirkland
HyperLynx of Redmond
Paroscientific, Inc. of Redmond

Biotechnology/Biomedical Instruments

EKOS Corporation of Bothell
Vanson, Inc., of Redmond
Therus Corporation of Redmond

WTC, a state-funded agency that connects Washington companies with state university researchers and research funding, places emphasis on technology projects that will produce viable new products or enhance existing ones. The successful companies must demonstrate that they possess the capability to bring these products to market, and that enough demand exists to stimulate growth of the company, thereby creating more jobs for the people of Washington state.

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