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The NYS Center for Advanced Technology in Photonics Applications at the City
University of New York (CAT) is completing its 10th
year of funding through the NYS Office of Science, Technology
and Academic Research. Since its inception (1993), the CAT
has leveraged this funding with industrial, federal and institutional
support to accomplish its mission: to develop and disseminate
knowledge in photonics technology in order to promote New
York economic development for the medical, biological, industrial
and military sectors. The results of these efforts are an
extraordinary set of achievements, which we highlight here.
From its inception in 1993 until the end of this fiscal year,
the CAT will have:
-
Generated about $50M in economic impact
in New York State in new revenues and cost savings
for companies. $40M of this amount has been generated, in
continually rising numbers year by year, during the last
5 years (the CAT's mature years).
- Helped companies create and/or retain over 160
industrial jobs primarily high paying technical
and engineering jobs, in New York State. This corresponds
to $14M in additional economic impact above
and beyond the economic impact described above.
- Leveraged $16M on top of the $9M in NYSTAR funds.
This consists of $8M in cash from industry, including $4M
from NYS companies, an additional $2M in in-kind industry
support, and about $2M in institutional support from CUNY.
- Leveraged over $20M in federal funding.
The CAT has been critical to successful applications for
large federal grants, including two 5-year Centers awarded
by NASA and the Department of Defense in 2003, as well as
over 60 other awards.
- Interacted significantly with about 60 NY companies
through R&D contracts, technology licensing, proposals
for joint funding and technical support.
- Created additional economic impact of $34M through
leveraged federal grants. The awards have
generated technical and administrative jobs for NYS, as
well as OTPS expenditures. This uses a conservative economic
impact multiplier of 1.7.
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