WTC Releases 2005 Annual Report

Washington Technology Center recently released its 2005 Annual Report (download PDF). The report represents the culmination of a successful year of accomplishments under the organization’s strategic plan and showcases WTC’s programs for advancing technology-based economic development in Washington.

Below are a few of WTC’s highlights for Fiscal Year 2005:

  • Helped Washington companies and researchers receive more than $42 million in add-on funding as a result of WTC’s initial $2.8 million in support. For every dollar of support provided by WTC, companies were able to attract 15 additional dollars.
  • Held the first-ever Washington Technology Summit, a statewide conference dedicated to industry growth. The event attracted more than 450 industry, academic and government leaders from across the state and region.
  • Channeled state investment to 24 technology commercialization projects through research grants. As a result of WTC support, these grant recipients attracted $23.1 million in additional funding.
  • Launched the Washington Nanotechnology Initiative (WNI) with funding received through the support of Senator Maria Cantwell.
  • WTC’s Angel Network helped launch three new angel investment groups in Bellingham, Wenatchee, and Tri-Cities and screened 76 proposals for funding consideration.
  • Received a rural business development grant from the U.S. Department of Agriculture to assist an East Wenatchee company expand its sales and market share nationally. This funding, combined with additional WTC services, allowed the company to increase revenue by 200 percent and ramp up its workforce by 20 percent.
  • Held 15 events and conferences around the state, attracting more than 1,100 people and participated in more than 70 speaking engagements reaching 5,900 worldwide.
  • Received a FAST grant from the Small Business Administration to provide SBIR/STTR support to technology companies across Washington. WTC reached 350 people through SBIR training.
  • Celebrated 10 years of service for WTC’s Microfabrication Laboratory. This facility current serves 173 academic and industry clients across the U.S. and Canada.
  • Secured an EPA grant for a cross-border biodiesel demonstration product in cooperation with 11 regional partners.
  • Introduced a new partnership program to foster collaboration with industry, academic, government, media and economic development partners. In its first year, more than 50 organizations partnered with WTC to sponsor events and programs.
  • Established a partnership agreement with the Seattle District Office of the U.S. Small Business Administration to create a wider network of services for small technology companies in Washington.

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