The money is granted by Pennsylvania's Department of Health.
QED, the technology transfer office of University City Science Centre, has been awarded $350,000 by the Department of Health of Pennsylvania. QED was founded in 2009 and funds local university research.
Although QED is open to 21 participating universities in the states of Pennsylvania, Delaware and New Jersey, the Department of Health money is restricted to Pennsylvania-based universities. This follows previous QED funds – worth $500,000 – from the state’s Department of Community and Economic Development, which had the same restriction. That previous fund has already been allocated entirely.
Furthermore, Philadelphia Industrial Development – the city’s economic development corporation currently managing more than $600m in funds – has also committed up to $500,000 ($100,000 per year starting this year) to fund Philadelphia-based universities.
QED’s single biggest supporter to date is the US federal government, which has awarded the TTO $1m thus far, and has no restrictions on which universities will be eligible. QED is currently running its seventh application round, and researchers can apply on UCSC’s website until July 14 to be considered.
University City Science Centre is the US’s first and largest urban research park. It was established in 1963 with its headquarters in the University City neighbourhood of Philadelphia. It provides technology commercialisation resources through QED and incubator space with fully equipped laboratories and offices.
