Governor Charlie Baker announced a $4 million grant from the Massachusetts Technology Collaborative (MassTech) to UMass Lowell to support the school’s new Printed Electronics Research Collaborative (PERC).
The four-year grant award, part of the Collaborative Research and Development Matching Grant Program, is being matched by $12 million in industry support.
Governor Baker called the grant “another positive step forward for UMass Lowell, students and businesses across the Commonwealth…. By connecting the incredible resources in our universities with the business community, the Commonwealth will continue to stimulate economic growth and create more good-paying jobs.”
Printed electronics is an emerging field with the potential to become a $76 billion global market in the next decade, according to a 2014 report by IDTechEx. It has a broad range of applications in fields including health care, telecommunications and renewable energy.
UMass Lowell Chancellor Marty Meehan and MassTech CEO Pamela Goldberg joined the governor for the announcement at the Mark and Elisia Saab Emerging Technologies and Innovation Center, an 84,000-square-foot, state-of-the-art research facility on campus where PERC will reside, alongside the Raytheon-UMass Lowell Research Institute.
“Our mission is to convene industry, academia and government to catalyze economic opportunity in regions and clusters around the Commonwealth,” said Goldberg. “This project hits the mark on several fronts, including the potential to drive the development of innovative products and business growth.”
“Not only does bringing our researchers together with innovators in industry stimulate economic growth, it offers our students unparalleled opportunities for experiential education,” Meehan said. “We are grateful to the Commonwealth for its investment in what we believe will be a model for academic and industry collaboration.”
Among the Massachusetts companies that have signed on to participate in PERC are Raytheon, MicroChem, Rogers Corporation, SI2 Technologies and Triton Systems, with more companies expected, according to Julie Chen, Vice Provost for Research UMass Lowell.