Keystone Innovation Network (KIN)
The Keystone Innovation Network (KIN) Program provides matching funds to create an integrated approach to local and regional innovation based economic development strategies. The KIN leverages prior state investments in established local and regional innovation assets – the Keystone Innovation Zones and university tech transfer programs. Through the integration of these two programs, participating companies, universities, researchers, students and entrepreneurs will realize an improved level of access to technology and resources to grow firms. The KIN is a competitive grant program supported by the commonwealth’s Technology Development Authority. The KIN’s services include, but are not limited to, the acceleration of technology commercialization, the development of technology transfer infrastructure, the leveraging of university research faculty and intellectual property, tax incentives, funding and other supportive services that foster further growth in companies and the communities where they are established. The KIN meets the Department of Community and Economic Development’s goals for partnerships, improved performance, and competition while creating closer collaboration and support for eligible companies and universities.
Grant funds will be used for zone coordination, strategic planning, personnel costs, hiring of consultants and administration of the zone. Companies located in tax zones, in operation less than 8 years and fall under the industry sector focus are eligible to apply for state tax credits.
The KIN Program has been allocated $2 million in 2012. The program anticipates funding 10-12 projects with available funds.
Keystone Innovation Zones and institutions of higher education are eligible to apply for this grant. Institutions of higher education must apply through one of the twenty-nine certified Keystone Innovation Zones.
Partnership must meet definition and required members; Zone must define industry sector focus; Zone must be geographically identified and should include an institution of higher education with research capabilities. Institution does not have to be located in zone boundaries, but must be formally linked to zone activities; 1-to-1 cash match required; Refer to Program Guidelines.