Hershey Center for Applied Research to Host Summit on Public and Private Investment Opportunities for Technology Companies in Pennsylvania

Mon Nov 2, 2009 10:00am EST

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Summit Attendees to Include Key Public and Private Sector Investors and
Technology and Life Sciences Entrepreneurs from the Tri-State Region
HERSHEY, Pa.--(Business Wire)--
The Hershey Center for Applied Research (HCAR) announced today that it will host
a summit to discuss the current climate of public and private investment
opportunities available to technology and life sciences entrepreneurs in
Pennsylvania. The summit will take place on Thursday, November 12 from 10:00am
to 2:00pm at the Hershey Center for Applied Research in Hershey, PA. 

From 10:00am to 11:30am the summit will focus on public sector investment
opportunities via a panel discussion followed by a question and answer period. A
networking lunch will take place from 11:30am to 12:30pm. Private sector
investment opportunities will be highlighted from 12:30pm to 2:00pm via a panel
discussion and question and answer period. 

Brief overviews will be provided by each of the funding organizations regarding
their investment criteria. Specific summit topics will include stage of
investment, targeted industry sectors, typical investment size, and processes
for evaluating investment opportunities. Examples of private/public sector
co-investments will be highlighted, as well as anticipated trends over the next
12 months. Discussions will be targeted to various technology sectors including
clean technology, information technology, life sciences, manufacturing, and
nanotechnology, among others. 

The featured speaker will be John Sider, Deputy Secretary for Technology
Investment at the Pennsylvania Department of Community and Economic Development.
Other speakers include Eric Heil, Analyst, Domain Associates LLC, Mike March,
Pennsylvania Angel Network board member and Chair, Investors Circle of York,
Brenda Gavin, Founding Partner, Quaker BioVentures, Steve Brawley, President and
CEO, Ben Franklin Technology Partners of Central and Northern PA, Linda
Goldstein, Vice President and COO, Capital Regional Economic Development Corp.,
and Dr. Mel Billingsley, President and CEO, Life Sciences Greenhouse of Central
PA. The panel discussions will be moderated by Eric Brossman Esq., Managing
Partner, Saul Ewing LLC, Harrisburg. 

"We are thrilled to bring together investors, entrepreneurs and government
officials from all parts of the Commonwealth to discuss the continuum of public
and private investment opportunities available to technology companies in
Pennsylvania," said Laura Butcher, Executive Director of HCAR. "Innovation will
continue to be central to our economic recovery, making access to different
types of capital resources increasingly important. Our objective in hosting this
summit is connect the dots between investors and companies and showcase that
Pennsylvania is a great place to build a technology company." 

Pennsylvania life sciences companies have access to the various programs that
are part of Pennsylvania's $2 billion-plus Biosciences Enterprise Commitment
which is fueling research & development, attracting venture capital, and
supporting early-stage investment. In addition, $850 million has been made
available by the Commonwealth to support the Energy Independence Strategy which
is making grants, loans and tax credits available to clean technology companies.

About the Hershey Center for Applied Research

Hershey Center for Applied Research (HCAR) provides resident organizations with
state-of-the-art facilities and high-value business and research resources that
enable growth escalation. In addition to its wet and dry lab facilities and
office space in a campus-like setting in Hershey, PA, HCAR provides facilitated
access to research expertise, especially in the areas of research discovery,
development and commercialization; access to Penn State Milton S. Hershey
Medical Center and College of Medicine, a major research institution with
amenities that include core facilities, clinical trial participation, researcher
sponsorship and research advisors; and assistance in obtaining necessary
business resources, like venture capital, human resources, including Penn State
M.D.s and Ph.D.s, and access to business advisors. For more information, go to

Hershey Center for Applied Research (HCAR)
Media Contact:
Jen Bannan, 412-580-3675

Copyright Business Wire 2009

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