Fostering Technology Transfer and Entrepreneurship
August 16, 2013
Contact: Jennifer Huergo
This week the National Institute of Standards and Technology (NIST) welcomed dozens of representatives from Maryland businesses to learn about collaboration and technology licensing opportunities at a "Green Technology and Advanced Manufacturing Showcase." The event was hosted by the Maryland Technology Development Corporation (TEDCO), an independent organization that provides entrepreneurial business assistance and seed funding for the development of startup companies in Maryland.
In a 2011 Memorandum, President Obama wrote, "Innovation fuels economic growth, the creation of new industries, companies, jobs, products and services, and the global competitiveness of U.S. industries. One driver of successful innovation is technology transfer, in which the private sector adapts federal research for use in the marketplace."
The memo instructed agencies to take steps to enhance successful technology innovation networks by fostering increased federal laboratory engagement with external partners. TEDCO is one of the partners working with NIST to foster tech transfer and its economic benefits.
Attendees at today’s event learned about the Hollings Manufacturing Extension Partnership, which supports small- and mid-size manufacturers across the U.S.; how to work with NIST; and technologies available for license from NIST’s Engineering and Material Measurement laboratories.