HYPRES featured in an article that explains the challenges faced by, and the support that is needed for, small- and medium-sized high tech companies that are traveling the path from R&D to products.
Westchester County Business Journal
Advanced technology manufacturers count on government grants and venture capital to productize.
Kelly Liyakasa | Oct 14, 2011
That’s the dollar total it takes to turn an idea into just a prototype of a chip that will eventually power your smartphone or help diagnose your sports injury via the next-generation MRI. Securing enough capital to take an invention from the laboratory to the production line is the most common hurdle for an advanced technology company to leap. For HYPRES, an Elmsford-based developer of digital superconductor technology, and others, it could take $900,000 or more to go from design to prototype.
… U.S. Sen. Kirsten Gillibrand, D-N.Y., at a recent news conference at HYPRES headquarters, noted that “of the 250,000 computer and electronic manufacturing jobs in upstate New York, 44 percent are from the most advanced technology areas.”
… Among Democratic House sponsors of the Made in America competitive grant program, Gillibrand said block grant recipients, small to medium-size businesses in communities with demonstrated high unemployment, would get assistance retrofitting facilities or retraining workers.
… “It’s important that we bring attention to the fact that small operations like this really need to be supported,” Hitt said. “Next-generation supercomputers are going to come from chips that are designed here …the next-generation MRI, everything you want your iPhone to do, will be assisted by technology being developed here.”
Read more at: http://westfaironline.com/2011/16698-high-tech-anatomy/