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WTC wins national award for tech-based economic development

Washington Technology Center's state-funded Research and Technology Development Program was honored by SSTI for outstanding achievement in technology-based economic development.

SEATTLE - October 22, 2009 - Washington Technology Center was named one of six recipients of The State Science and Technology Institute's 2009 Excellence in TBED awards for initiating successful programs to sustain the nation's position as a global leader for innovation and competitiveness. WTC's Research and Technology Development (RTD) Program was honored as a best-practice model for demonstrating leadership and meaningful impact to state and regional economies.

"The Washington Technology Center's RTD Program stands out because of the substantial impact it has achieved from its persistent assistance to Washington companies over 17 years. Impressively, the RTD Program's more than 330 funded projects have resulted in almost a half-billion dollars in follow-on support from private and federal sources," said Dan Berglund, SSTI President and CEO.

"This award recognizes the effectiveness of our staff and partners' research commercialization efforts," said Lee Cheatham, Ph.D., executive director of Washington Technology Center. "We're pleased that Washington is receiving national attention for efficiently delivering economic development services, specifically by leveraging state dollars to create new job opportunities in advanced technology."

"Successes such as this are possible only because of the support of the Washington State Legislature and our research institution partners, and the commitment of our all-volunteer Board of Directors and Advisory Committees," said Cheatham.

WTC's Research and Technology Development Program awards $1 million in applied research funding each year to teams comprised of companies and researchers in the state of Washington. The grant program helps move innovative ideas out of the laboratory and into the commercial marketplace.

"WTC's RTD program fills an important gap," said Rick Luebbe, CEO of EnerG2, a Seattle-based startup company that has recently raised $32 million to commercialize technology from the University of Washington. "It supplemented our R&D; costs and helped us position our company for the energy storage market."

SSTI's third-annual awards follow a nationwide competition recognizing outstanding achievements in tech-based economic development (TBED) emphasizing impact, strategic value and replicability. Recipients were selected by a panel of accomplished former and current practitioners and were honored today during a ceremony at SSTI's 13th Annual Conference in Overland Park, Kansas, attended by top economic development professionals from across the nation. More information about the awards is available online at http://www.prnewswire.com.

About SSTI
The State Science and Technology Institute is a national nonprofit organization that leads, supports and strengthens efforts to improve state and regional economies through science, technology and innovation. www.ssti.org.

About Washington Technology Center
Washington Technology Center is a statewide economic development organization focused on technology and innovation. We spark ideas, form connections between people and resources, and foster job growth to position Washington state as a national technology leader. Washington Technology Center channels state, federal, and private resources to help companies develop and commercialize new products and technologies. Our 15,000-square-foot Microfabrication Laboratory provides companies and university researchers access to facilities and specialized equipment for micro-electromechanical systems (MEMS) research and product/process development. The impact of Washington Technology Center's work has generated more than $630 million in additional investment for Washington companies and researchers. For more information how Washington Technology Center can help research and development projects succeed, visit www.watechcenter.org or call 206-685-1920.

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