LOWELL, Mass. -- Gov. Charlie Baker today announced a $4 million dollar grant from the Massachusetts Technology Collaborative (“MassTech”) to UMass Lowell to support development of a printed and flexible electronics industry cluster, an emerging field that has the potential to become a $76 billion global market in the next decade.
The new Printed Electronics Research Collaborative (PERC) at UMass Lowell intends to position Massachusetts employers, large and small, to capitalize on the burgeoning printed and flexible electronics field, whether through direct development of products or as a piece of the supply chain. The PERC will initially focus on supporting the state’s defense cluster in printed electronics, but long-term, these technologies are expected to also have a broad range of applications in fields including health care, telecommunications and renewable energy. Printable electronics is currently a $16 billion global market and is projected to quadruple in 10 years, according to a 2014 report by IDTechEx.