“Today’s visit showed a side of economic development that often isn’t seen,” Secretary Davin said. “When the state assists companies like Maculogix in developing or bringing their technology to the market, it’s about more than dollars and cents. It’s about helping a life science company develop a tool that can fundamentally improve people’s health. That’s why the Wolf Administration will continue to support initiatives like the Life Science Greenhouses that not only help grow businesses and create jobs, but push our technology forward as well.”
Secretary Davin highlighted Governor Wolf’s commitment to helping the technology sector flourish in Pennsylvania through state programs like the Ben Franklin Technology Development Authority (BFTDA) and the PA Life Science Greenhouse Initiative. The PA Life Science Greenhouse Initiative is designed to maximize the innovation potential of the life science industry by providing crucial seed funding and technical assistance to life science companies, which in turn enables new companies to form, jobs to be created, and life-saving technologies to reach patients. The program provides funding to three Life Science Greenhouse organizations across the commonwealth that in turn administer assistance to companies.
Maculogix received $2.2 million in support from the Life Sciences Greenhouse of Central Pennsylvania (LSGPA). Since the inception of the Life Science Greenhouse Initiative in 2003, it has contributed to the creation of 4,653 jobs and helped deliver 245 life-saving technologies to the market.
“I am proud of our partnership with Life Sciences Greenhouse of Central Pennsylvania, and Ben Franklin Technology Partners,” said Dr. Greg Jackson, co-founder and chief technology officer at Maculogix. “Working together, we have benefited thousands of patients and provided high quality jobs to the citizens of central Pennsylvania.”
Maculogix also received a total of $850,000 in early funding from the Ben Franklin Partners of Central and Northern PA, funded by DCED’s BFTDA program. Recognized internationally as a model for technology-based economic development, the BFTDA ensures that the variety of technology-based economic development organizations and initiatives across the commonwealth work collaboratively to fully leverage the wealth of research, capital sources and support services available to build a comprehensive infrastructure that supports company growth.
Michael Gerber, DCED, 717.783.1132