What’s the best way to get federally funded technologies out of university and federal labs and into the market? This is the big question of late, and it’s generating a lot of hubbub. Regardless of the merits of all of the initiatives, directives, and legislation, I think a key aspect is being overlooked.
As any technology transfer office (TTO) can tell you, not every technology emerging from federal R&D spending will be the next Honeycrisp™ apple, implantable pacemaker, or Red Hat, Inc. But some do have the potential to launch new companies, improve or expand the product/service offerings of existing companies, create jobs, or otherwise positively impact the U.S. economy and/or provide humanitarian benefits.
The question is: Which technologies? And, more importantly, how do TTOs find them and commercialize them efficiently? (And by “efficiently” I mean with their available resources and in a reasonable amount of time.)
I think we at Fuentek have a good answer, and it’s outlined in our new white paper: A Roadmap for Commercializing Federally Funded Research: Guidance for University and Government Lab Technology Transfer.
- An overview of Fuentek’s model for proactive technology management that proceeds in phases, which has been highly successful and cost-effective
- A comparison of this proactive model against a reactive/passive approach to technology transfer/commercialization
- Specific, measurable examples of the success of this model
- Methods for adopting and implementing this model at universities and government laboratories
- An overview of the appropriate metrics for evaluating the success of technology transfer programs/initiatives
Do you have other thoughts and practices regarding commercialization of federally funded research? Leave a comment below to join the conversation or feel free to contact us privately.