The CEO Council for Growth would like to congratulate one of its members, University City Science Center President and CEO Dr. Stephen Tang, on the Science Center’s latest good news—it was awarded at $1 million grant from the U.S. Economic Development Administration. The money will go toward Phase 1 Ventures, a new multi-institutional commercialization program.
According to the Science Center’s press release, “Operating as an accelerator for the launch and growth of new companies, Phase 1 Ventures offers a comprehensive turn-key approach to effectively and efficiently test business feasibility. Phase 1 Ventures will identify promising technologies that have moved beyond the initial technical proof-of-concept stage, provide management and other project development resources, and facilitate funding to get the enterprise up and running.”
The CEO Council is excited by this opportunity as it will advance commercialization activity in the region and take full advantage of one of the region’s preeminent economic strengths.