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Kentucky launches new initiative to encourage commercialization across state universities


By Jesse Schwartz
Published: November 28th, 2018

A new initiative in Kentucky will bring the state’s universities together to share resources and expertise in an effort to bring more technologies to the marketplace.

Led by the Cabinet for Economic Development’s KY Innovation office, the University of Kentucky, and the University of Louisville, the Commonwealth Commercialization Center (C3) will provide all of Kentucky’s public universities and colleges with resources such as intellectual property management, industry networking, and hands-on educational opportunities.

While many of the state’s universities have a history of investing in technology transfer efforts, they’ve also acknowledged some gaps in their existing services designed to bring research and development to market.

“The C3 initiative positions Kentucky as a leader in university research commercialization and will significantly strengthen our overall innovation infrastructure,” says Governor Matt Bevin.

“The cutting-edge research being conducted at our institutions of higher learning can compete with any state in the nation,” adds Bevin. “C3 enables all of our colleges and universities to share resources to support commercialization, to mobilize capital and to transform that research into fuel for economic growth.”

According to KY Innovation executive director Brian Mefford, C3 is meant to benefit existing businesses as well as university start-ups.

“C3 will offer a single point of entry for start-ups and corporations interested in engaging with our universities and the talent and innovation that can fuel growth for their businesses,” says Mefford. “We want C3 to become known as a key partner for innovation, research and development for entrepreneurs and CEOs who are looking to locate or grow their businesses in Kentucky.”

Source: The Lane Report

Posted under: Tech Transfer e-News

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