Delaware’s ET International, Inc. was among 100 companies profiled in a new report released today by the Science Coalition – a nonprofit, nonpartisan organization of more than 50 of the nation’s leading public and private research universities, including the University of Delaware. The report, titled, “Sparking Economic Growth 2.0: Companies Created from Federally Funded University Research, Fueling Innovation and Economic Growth” highlights companies that trace their roots to federally funded university research. The companies in the report were self-selected by the member universities of the Science Coalition and are illustrative of how federal research can spur the creation of companies that bring innovations to market, create jobs, and contribute to economic growth.
ET International, Inc. (ETI) was founded in 2000 by Dr.Guang Rong Gao, a distinguished professor in computer and electrical engineering at the University of Delaware. The company originated in the university’s scientific labs and is now a leading provider of system software for advanced many-core computing systems ranging from supercomputers for highly scientific research to high-performance portable devices for smart phones. In a statement to the Science Coalition, the company noted that “Federally supported research completed at the University of Delaware and ETI” by Dr. Gao “allowed his deep-rooted belief in fundamental dataflow principles technologies to be successfully explored, designed and implemented…”
Indeed, ETI’s first phase of growth generated over $22 million in investments from the industry’s most renowned High Performance Computing organizations including The Defense Advanced Research Projects Agency, the Department of Defense, the Department of Energy, IBM, Intel, Cray, and Samsung. ETI’s software solutions increase performance, computing power, and efficiency to allow users to fully realize the power of many-core architectures. Built on a decade of highly complex research, ETI currently provides software, applications and custom engineering services for the energy, defense, semiconductor, digital media, and financial markets.
During a time when federal funding for R&D has been on the decline, with funding levels in 2013 at historic lows, ETI and the other companies highlighted in the report show the high return on investment yielded by federal funding of basic scientific research. Senator Coons is committed to ensuring that our nation continues to support innovative research and companies like ETI that create jobs and keep America on the cutting edge of technological innovation.