Risk certainly does have its rewards. Just ask two Western Pennsylvania companies.
ChemIcon Inc. and II-VI Corp. have received a $3 million award to develop a world-class technology that could increase the United States global competitiveness.
The award comes through the Advanced Technology Program of the National Institute of Standards and Technology. The ATP is a program in which the federal government works in partnership with industry to foster the development and dissemination of challenging, high-risk technologies that offer the potential for significant, broad-based economic benefits to the nation. The intent is to accelerate technologies that, because they are risky, are unlikely to be developed in time to compete in rapidly changing world markets.
The companies goal over the three-year project is to develop an instrument for automated inspection of structural defects in semiconductors.
ChemIcon, spun out of the University of Pittsburgh in 1994, is the first company to commercialize scientific instruments based on chemical imaging, a technique for materials characterization. II-IV is a manufacturer of laser optic materials, optics, components, electro-optical products and radiation detection devices.