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Tech Collaborative Funds 10 Startups

August 2, 2010

Eight Pittsburgh-area technology start-ups received grants in the latest round of funding by The Technology Collaborative, a nonprofit that provides money for new product commercialization.

The collaborative handed out a total of $1 million to 10 Pennsylvania companies that are in the markets of robotics, cyber-security and digital technology. Companies received grants ranging from $60,000 to $120,000, said David Ruppersberger, president of The Technology Collaborative. The organization received 31 final proposals.

"It was surprisingly similar to past rounds," he said of the quality and type of proposals. "(Selection) starts with the reviewers looking for a strong technical proposal, the quality of the technical proposition and the team. We are looking more and more for a commercialization plan, if they are successful is there a clear path to commercialization and jobs."

Three of the latest grants were follow-ons funds to previous awards, Ruppersberger said, and included Metis Secure Solutions, Buzby Networks and MobileFusion.

Read more: Tech Collaborative funds 10 startups - Pittsburgh Business Times