Just a few hours from 20 percent of the country’s manufacturing and industrial infrastructure, a few blocks from campus, and a bike ride away from home, there’s no place else KCF Technologies would rather be.
By Jodie Dello Stritto
Born out of Penn State’s Center for Acoustics and Vibration, KCF is a true story of technology transfer or, as CEO Jeremy Frank said, “taking ideas from the lab to the world.” It’s a process that’s not for the weak in spirit.
Listen to Frank tell KCF’s history and you’ll learn it requires determination, flexibility, support and at times, even a little soul-searching. After some highs, lows and a couple of key pivots, KCF is making it work by relying on its core expertise and continuing to keep close ties with the university and the resources it offers, Frank said.
On January 8th, Penn State President Eric Barron announced that the university will be investing $30 million in economic development and student career success. As you know, Innovation Park is home to the Ben Franklin TechCelerator & incubator program and the SBDC, and is a hub of entrepreneurship and business partnership. A renewed commitment from PSU will further increase visibility for the park and help entrepreneurs turn their ideas into reality. This investment includes a one-time, start-up and capital investment as well as annual funding of more than $5 million. Barron hopes that this new investment will make Penn State “a driver for job creation, economic development and student career success.”