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Applications for 1998 California Technology Grants Available Soon

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SAN DIEGO, Calif.--The San Diego Regional Technology Alliance has announced that applications for the 1998 California Technology Investment Partnership and Economic Development Administration awards will be available in January. More information on both programs is available at the alliance's web site at http://www.sdrta.com.

In 1997 the agencies made combined awards of over $1.4 million to fund local technology commercialization and development. Recipients included biotechnology companies. The partnership is a state program created to match and attract federal funds, with the aim of helping technology-based companies in the state create "new, globally competitive commercial products and services that will lead to sustained economic growth and job creation."

The Technology Alliance acts as an intermediary, assisting small companies in securing the grants. The alliance and the Economic Development Administration are also helping to fund technology development projects. The alliance provides both financial and strategic planning assistance to small, noncompeting technology companies to support their development.

"The Regional Technology Alliance works to cultivate the necessary relationships that will allow San Diego to advance its global position in the high-tech industry," explained Joe Raguso, the alliance's executive director. "We are committed to the development of San Diego's technology community and strive to establish a leadership role in assisting the high-tech industry."

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