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University-Industry Engagement Advisor

U of Texas Health Science Center to open accelerator to commercialize early stage research

By Jesse Schwartz
Published: April 10th, 2019

The University of Texas (UT) Health Science Center at San Antonio is launching an accelerator for researchers who want to start companies around their inventions.

The TechNovum accelerator trains prospective entrepreneurs from the Health Science Center on market validation, developing a business plan and pitching to investors. The 12-week program will operate as part of UT Health’s Office of Technology Transfer, beginning in June and concluding with two days of pitch presentations in October.

“Doing this is more efficient than what we’ve had to do, which was more one-on-one individual mentoring,” says John Fritz, who will work alongside Sean Thompson out of the UT commercialization office to co-direct TechNovum.

The accelerator is unique in that it will focus on a broad range of very early-stage technologies, as opposed to accelerators such as Techstars and Houston’s TMCx, which are focused on more advanced technologies and companies.

TechNovum also plans to bring in outside mentors from the business community to coach the researchers whose technologies are selected for the accelerator.

“There’s some people who might get bothered about this focus on commercialization,” says Thompson. “Basic research is absolutely necessary, but research by itself, alone, has never saved anyone’s life. It’s the use of what you learn from that basic research and the application of that that is really most important.”

Source: Xconomy

Posted under: Tech Transfer e-News

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