By: Judy Lowry
TAMPA, Fla.–The National Academy of Inventors (NAI) and the National Council of Entrepreneurial Tech Transfer (NCET2) have signed a memorandum of understanding to work together to promote innovation and entrepreneurship.
The agreement provides a formal basis for the two organizations to collaborate on educational activities and outreach on the value and importance of innovation and patents, and to recognize and support inventors affiliated with academic, federal, and nonprofit research institutions. The MOU provides for the organizations to be Association Partners and actively participate in each one's annual meetings.
"We are delighted to join with NCET2 as we work together to raise the stature of inventors and invention in the United States," said Paul R. Sanberg, president of the National Academy of Inventors, and senior vice president for research and innovation at the University of South Florida.
Sanberg will deliver a keynote address at NCET2's 7th annual University Startups Showcase and Conference, to be held Mar. 20-22, 2013, at the Washington Convention Center in Washington, D.C. The NAI is an Association Sponsor of the meeting.
"The University Startups Conference is a unique best practices conference series dedicated to creating and funding globally-competitive, venture-backable university startups," said Tony Stanco, executive director of NCET2. "We bring together universities creating startups with VCs, angel investors, SBIR program managers and Global 1000 companies funding them."
This year's conference, entitled "Corporate Venture Capital and University Startups: An Open Innovation Paradigm," focuses on "Getting Your University Startup Funded."
The conference will feature two innovations this year:
On Mar. 21, the Corporate Reverse Showcase will give participants the opportunity to hear from major Global 1000 companies as they talk about technologies and strategic alliances they seek from university startup creation officials and university startup entrepreneurs. It is intended to provide an efficient and productive model for Global 1000 companies to find exactly what they are looking for from the $35 billion in annual federally funded research and over 600 university startups created at universities each year.
On Mar. 22, the University Startups & SBIR Company Showcase will highlight university startups and SBIR companies designated as among the "very best" by NCET2. The showcase has been specifically created to catalyze transactions with the Global 1000, VCs, angel investors and SBIR program managers at the conference. Annually, universities receive $35 billion from the federal government to conduct cutting-edge research from which universities create approximately 600 university startups each year.
"One of the goals of the conference is to create long-term relationships between the universities and either users of university inventions or funders of university startups," said Stanco. "The audience, which includes VCs, angel investors, corporate scouts, and high-level university officials with responsibility for commercialization and startup creation, is comprised of knowledgeable practitioners who are generally qualified to be on the stage themselves (and many of them have been before)."
About the National Council of Entrepreneurial Tech Transfer
NCET2 is an organization of entrepreneurial universities creating and funding university startups. NCET2 promotes best practices in the creation and funding of university startups by supporting entrepreneurship and providing entrepreneurial education. NCET2 connects investors, economic development organizations, public and private funds and tech transfer professionals in building communities of innovation at universities. NCET2 provides an annual conference for innovation stakeholders to share experiences and create a constructive dialog on how to best work together.