How Startup Technology Commercialization Works - Part One

initiating research leaders in the field such as Brown, Kozmetsky, Ray Smilor, and David Birch showed that large companies do not innovate and they need products that are not raw technology. It's small and medium-sized companies that can take raw technology and turn it into a product, but they do not have sufficient funds to continue. Consequently, more than 75% of licensable technologies sit on the shelves University.

Here in Utah, we have made significant efforts to improve the dissemination of technologies arising from R & D in our research institutions. As May Be aware, the University of Utah this past year exceeded MIT's number one University in New high-tech startups.

Brigham Young University is a higher percentage of royalties per dollar of research than other institutions, who are members of AUTM, the Association of University Technology Managers, of which nearly 2,000 participating institutions.

research institutions to receive R & D funding that is spent on research activities, studies often result in intellectual property. These intellectual property provide the Technology Transfer Office for them to find the application and potential licensing of technology. Here in Utah, which is generally typical nationally, 84% of all patents for finished products and 16% for software and internet innovation.

Most potential candidates were identified for the application of intellectual property are either among the major producers, of whom about 3,000 in the United States, or through new high-tech startups, spin me mostly from the research institutions.

system of bringing in R & D resources, the realization of research, provided that the Office of Technology Transfer for them to find someone to use the new intellectual property is a "push" system, that is' product that offers a "methodology. This is mentality of technology push (as opposed to market pull), two main items become apparent.

First, more than 75% of all innovations and technologies developed each year are not licensed, transferred to industry or incorporated into products. Second, because of man power needed to perform the transfer of technology, the focus is primarily, as mentioned, to over 3,000 major manufacturers or their own high-tech start up.

ignored in this process are more than 300,000 medium and small producers who have limited resources, and thus to the left of the process. It is important to note that while the universities and federal labs to provide several technologies, the industry provides more than 95% of commercialization activities that bring new technology in the form of new products to market.