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Breakthrough Technologies Institute - Fuel Cells 2000

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Pennsylvania Hydrogen and <strong>Fuel</strong> Cell Consortium<br />

www.dep.state.pa.us/newsletter/default.asp?NewsletterArticleID=9152&SubjectID=<br />

The Pennsylvania Hydrogen and <strong>Fuel</strong> Cell Consortium seeks to help build support for<br />

Pennsylvania's leadership in the hydrogen economy by encouraging and supporting<br />

partnerships among government, business and academia that are related to advanced<br />

energy technology. Consortium members include representatives from the<br />

Pennsylvania Department of Environmental Protection, the Pennsylvania Department of<br />

Community and Economic Development, DOE, the U.S. Army Construction Engineering<br />

Research Laboratory, Siemens Westinghouse Power Corp., Johnson Matthey <strong>Fuel</strong> <strong>Cells</strong><br />

Inc., TRF’s Sustainable Development Fund, PPL, Concurrent <strong>Technologies</strong> Corp.,<br />

Franklin <strong>Fuel</strong> <strong>Cells</strong> Inc., Air Products and Chemicals Inc., Power and Energy, Penn State<br />

University Citizens for Pennsylvania’s Future, Pennsylvania Environmental Council,<br />

Clean Energy Group and the Clean Air Council.<br />

Contact:<br />

Gary Obleski<br />

Pennsylvania Department of Environmental Protection<br />

Phone: (717) 772-3318<br />

E-mail: gobleski@state.pa.us<br />

7. EMERGING BUSINESS SUPPORT<br />

New PA Venture Capital Investment Fund<br />

www.newpa.com/programDetail.aspx?id=57<br />

www.newpa.com/newsDetail.aspx?id=324<br />

New PA Venture Capital Investment Fund is a $60 million component of the Governor’s<br />

economic stimulus package. The program provides loans to Pennsylvania-focused<br />

venture capital companies working to make investments in technology businesses<br />

located in the state. The pool of money, leveraged by another $180 million in private<br />

equity, totals $240 million. Investments must be made in underserved areas of the state,<br />

defined as outside the Philadelphia MSA and those with populations below one million.<br />

<strong>Fuel</strong> cell companies are eligible to receive investments by venture capital firms. One<br />

approved loan is being made to Draper Triangle Ventures, which will make investments<br />

in high-growth companies located in western and central Pennsylvania and Ohio<br />

focusing on the following industries: information technology, medical technology and<br />

devices, automation technology, nanotechnology, fuel cells, advanced software,<br />

educational technology and MEMS/semi-conductor/materials. Draper Triangle Ventures<br />

will invest in seed and early stage emerging technology companies.<br />

Contact:<br />

Pennsylvania Department of Community and Economic Development<br />

Commonwealth Financing Authority – New PA Venture Capital Program<br />

Commonwealth Keystone Building<br />

185

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