Economic Stimulus Programs Fact Sheet - Technology investment fund

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Program Fact Sheet

Technology investment fund
Investments to address the "capital gap" that many start-up companies experience. Investments are made in technology-based start-up companies in Massachusetts through stock purchases.
(Recapitalized under the 2003 Ecomonic Stimulus Bill, c.141, s.72 of the Acts of 2003. Recapitalized under the 2006 Economic Stimulus Bill, c. 123 of the Acts of 2006, Section 2A, line item 7007-9031.)

Total appropriated under 2003 Economic Stimulus Bill- $5,000,000

Total appropriated under 2006 Economic Stimulus Bill- $2,500,000

Massachusetts Technology Development Corporation (MTDC)

Fiscal year of investment	Recipient	Region	Industry Type	Investment amounts disbursed	Amount of funds matched or leveraged	Purpose of investment	Jobs existing	New jobs projected
Totals				$5,736,451	$50,548,203		186	517

2005	Permission TV, Inc., Waltham	Greater Boston	Internet software	$1,278,877	$21,342,291	Internet download software company	16	102
2005	Inceptor, Inc., Maynard (1)	Central	Internet software	$250,000	$1,500,000	Internet search marketing software company	70	67
2006	Polnox Corp., Lowell	Northeast	Material sciences	$759,574	$5,100,000	Material sciences comany commercial-izing an anti-oxidant technology	0	15
2006	Spectra Analysis, Inc., Acton	Central	Industrial automation systems and equipment	$848,000	$4,122,893	Spectra- graphy analysis equipment	12	58
2006	Texterity, Inc., Southboro	Southeast	Communi-cations software	$600,000	$6,635,753	Software company that provides systems and services for digital magazines	67	134
2006	ZeGen, Inc., Boston	Greater Boston	Industrial auto- mation systems and equipment	$600,000	$3,400,000	Waste recycling technology	3	10
2007	Ednets, Inc. Wakefield	Northeast	Computer software and services	$700,000	$4,217,266	Affinity marketing program centering on public school support	12	32
2007	OwnerIQ, Inc., Boston	Greater Boston	Internet software	$200,000	$2,000,000	Internet aggregator of manuals and information for consumer products	4	75
2007	Utest, Inc., Ashland	Southeast	Computer software and services	$500,000	$2,230,000	Web based global marketplace for software quality testing	2	24

Totals				$5,736,451	$50,548,203		186	517
Fiscal year of investment	Recipient	Region	Industry Type	Investment amounts disbursed	Amount of funds matched or leveraged	Purpose of investment	Jobs existing	New jobs projected

Note: Data involve transactions conducted from January 2004, following enactment of the 2003 Economic Stimulus Bill, to April 2008. Data are updated when provided by the administering agency.

* Not applicable ** Not yet available *** Not disclosed

Note 1: Interceptor, Inc. was sold, and figures and amounts are reported as of the time of sale.

PRINT: Technology investment fund

Massachusetts Economic
Assessment & Analysis Project

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John W. McCormack Graduate School of Policy Studies	Center for Economic and Civic Opinion

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Massachusetts Economic Assessment & Analysis Project

John W. McCormack Graduate School of Policy Studies

Center for Economic and Civic Opinion

Massachusetts Economic
Assessment & Analysis Project

John W. McCormack
Graduate School
of Policy Studies

Center for Economic
and Civic Opinion