For two years, the Boulder (CO) Innovation Center (BIC) has been a commercialization partner to 60 research teams through its partnership with the TTO at the University of Colorado-Boulder (CU). The BIC will now take its commercialization process to the tech transfer program at the Colorado School of Mines in Golden. “The relationship with the BIC increases the chances of commercialization by providing business mentorship, company formation, and risk capital financing,” says Tim Bour, executive director of the BIC. “This is the next step in technology transfer that the BIC now brings to the table.”
The BIC has been working with Mines faculty on a number of projects, including technologies based around a nuclear battery for space applications, a nano thread for armor applications, and a process to convert CO2 to methanol. “Our mission is to help inventors and researchers at CU and Mines think about creating businesses based on their research and to introduce them to advisors with a proven track record in commercialization and potential investors,” Bour explains. As part of the partnership, the BIC will identify promising commercial applications at Mines and match Mines faculty and inventions with BIC mentors and advisors to assist in proof-of-concept proposal development, feasibility studies, business planning, and capital formation strategies.
Source: PR Web