WHOI and RTDC Announce Technology Transfer Partnership
–Marine-based technologies target new and existing markets in ocean energy, aquaculture, and environmental technologies–
The alliance is a unique outsourcing arrangement intended to immediately and cost-effectively enhance licensing capabilities at WHOI and the commercialization of WHOI innovations and expertise. The partnership with the RTDC is the latest initiative from the WHOI Office for Applied Oceanography (OAO), established in 2007 to encourage innovation in technology, serve as a hub for WHOI licensing and commercialization efforts, and protect the institution’s intellectual property.
“This unique arrangement provides WHOI immediate access to a critical mass of expertise that would take years for us to build internally,” said
The overall goals of the collaboration are to:
- Identify and advance a greater number of commercializable WHOI research projects
- Facilitate and accelerate the licensing and transfer of WHOI technologies to industry to develop new products and processes and to establish new companies
- Establish more applied research collaborations and technology development partnerships between WHOI researchers and commercial entities as well as other research institutions
The terms of this unique one-year agreement call for the RTDC to work closely with the WHOI OAO to integrate a market-driven approach into very early technology evaluation and serve as the primary contact for licensing opportunities and entrepreneurial services. Taking a systematic approach, the RTDC will identify and evaluate commercializable WHOI technologies, assess new and existing markets, and identify potential funding sources. Throughout the process, the RTDC will add value to the strategic transfer of WHOI technologies by providing a variety of transactional relationships including entrepreneurial services, commercialization and business development advisement, and strategic links with investors, business development executives, and economic development leaders. Other terms of the agreement were not disclosed.
“Technology transfer is a two-way street that involves not only identifying, vetting, and pushing research innovations out to industry, but also industry pull–stimulating market applications by actively identifying technology needs that will enhance the products and services of companies and other institutions,” said
“Our industry is seeing unprecedented opportunities for the application of marine and environmental research technologies to help solve fundamental and complex problems in areas such as ocean energy, aquaculture, and environment monitoring,” said
About WHOI (www.whoi.edu)
The Woods Hole Oceanographic Institution is a private, independent organization in
About RTDC (www.regionaltechcorp.org)
The Regional Technology Development Corporation (RTDC) of
CONTACTS: WHOI Media Relations Office 508-289-3340 firstname.lastname@example.org RTDC Robert A. Curtis, Pharm.D. CEO (508) 540-2333 email@example.com Mary Moynihan M2Friend Biocommunications (802) 951-9600 firstname.lastname@example.org
SOURCE Regional Technology Development Corp.