Three Missouri University of Science and Technology faculty have received the spring 2018 Technology Acceleration Grants (TAG) offered by the office of technology transfer and economic development (OTTED).
“The grants were awarded based on feasibility of the technology to address defined market needs,” says Keith Strassner, assistant vice provost for business and technology development. “Each of these projects has real potential to be developed into a viable product, leading to a license deal or start-up and ultimately additional revenue for our university.”
The three grants awarded are:
OTTED offered TAG to close the gap between university research and the needs of the customer. Grant funding came from the campus share of license royalty income directed to technology and economic development. Last year, Missouri S&T set a new record for the most money generated from patent royalties on commercialized inventions and products, bringing in $540,396 in royalty income.
Only projects in which the university holds an issued patent or in which a patent application was filed by the university were eligible. Technologies already licensed or in licensing negotiations with commercial partners were not eligible.
For more information, contact Keith Strassner, assistant vice provost for business and technology development, at firstname.lastname@example.org.