Taking Nanotechnology from the Laboratory to the Marketplace
According to the National Nanotechnology Initiative (NNI), the federal program that coordinates nanoscale research and development, nanotechnology is still in what is called the "pre- competitive" stage, meaning its commercial applications are currently limited. However, in a recent report to Congress, Matthew Nordon, Vice President of Research at Lux Research, Inc., says his company predicts nanotechnology will impact nearly every category of manufactured good over the next ten years, becoming incorporated into 15% of global manufacturing output by 2014, with goods worth $2.6 trillion.
By 2005 more than 50 nanotechnology discoveries had already been licensed to industry by The Penn State Research Organization, the licensing arm of Penn State University. These discoveries include thin-film nanostructures for medical diagnostics and nanoparticles for targeted drug delivery. New materials and processes are being developed through licensing to industrial giants such as Dupont, Dow, Johnson and Johnson, and PPG among the more than 1,000 companies who have sponsored Penn State researchers in the past 10 years. To date, 11 nanotechnology spin-out companies have been launched from Penn State.
"Tech transfer is defined as those activities that facilitate the process whereby the University's creative and scholarly works may be put to public use and/or commercial application." Eva Pell, Vice President for Research and Dean of the Graduate School
Penn State's charge as one of the original Land-Grant Universities is to seek the full and rapid dissemination of the creative and scholarly works of its faculty, staff, and students in order to provide timely benefits to the citizens of the Commonwealth and the Nation.
Read about just a few of the commercialization success stories from Penn State research activities. >>>learn more.
To access Penn State's commercial opportunities, visit one of the tech transfer or business development offices below:
Industrial Research Office (IRO) - The IRO assists companies in identifying and accessing Penn State faculty expertise and research centers, and works to foster University-industry research partnerships.
Ben Franklin Technology - Partners with the University to provide small to mid-size high technology businesses with funding and University expertise.
The Penn State Intellectual Property Office manages the discoveries and inventions with commercial potential of University researchers.
The Research Development Office assists Penn State faculty and staff with the start-up of companies based on Penn State research.
Innovation Park - This 118-acre research park near the main campus provides space, access to Penn State researchers and facilities, and business support services that help companies transfer the knowledge within the University to the marketplace.
PENNTAP supports technology- based economic development by helping Pennsylvania companies improve competitiveness by providing a limited amount of free technology assistance to help resolve specific technical needs.