Best Practices in Innovation and Nanotechnology Commercialization
University of Houton Center for Industrial Partnerships, US
Keywords: innovation, best practices, technology commercialization, partnership
Abstract:The development and commercialization of nanotechnology-based products oftentimes requires a tight partnership between universities and the private sector. The University of Houston’s Center for Industrial Partnerships (CIP) has recently been created to be the industry’s gateway to innovation by uniting start-ups, midsize and large companies with university experts. To that end, the CIP uses a variety of problem-solving methods that create a seamless, single-source consulting experience. Through a careful analysis of the industrial and institutional bottlenecks linked to the commercialization of emerging technologies, the CIP has developed best practices for the lab-to-market commercialization pathways, from the crafting of joint research programs, technology testing & validation, and workforce development to the licensing process and beyond (such as public relations, marketing, and promotion of the jointly developed products); and all under “one roof”. The presenter will discuss the impact of the CIP best practices in nanotechnology innovation on the speed to market of start-up companies, as well as its impact on the university research enterprise and how it helps instill and propagate a spirit of innovation within and outside its campus edges.