Report highlights economic impact of research at Penn State
Research at Penn State has supported more than 2,500 jobs and generated nearly $200 million in economic impact since 2015, according to a report released in April by The Science Coalition. The report, titled “Sparking Economic Growth,” highlights 53 companies from coalition member institutions that trace their roots to federally funded university research.
The companies span industry, geography and funding sources, showing close ties between federal investment in fundamental research, job creation and an innovation-based economy.
“Federally funded university research is a key catalyst in innovation and provides the opportunity for researchers to develop their discoveries into robust companies that create jobs and help our local economies flourish,” said Lora Weiss, senior vice president for research. “We are proud that Penn State Research has supported thousands of jobs and created millions of dollars in economic impact across…