The University of Rochester has created a website aimed at helping companies and entrepreneurs find and cash in on innovative technologies developed by scientists on campus. The University holds more than 400 patents for inventions in medicine, optics, computer technology, and other fields. It can be a daunting task, however, for a businessperson to sift through all of the highly technical documentation and unearth the business potential amidst the jargon. For the newly launched Entrepreneur-Ready Technologies website, University officials scour this library of patents, pick out the most promising technologies, and present them in clear language so that entrepreneurs can easily choose one that suits their needs.
The website, which went live today, will be officially launched on April 15 at the third annual Celebration of Entrepreneurship Luncheon hosted by High Tech Rochester at the Hyatt Regency Rochester hotel.
The site presents a diverse portfolio of technologies in a variety of industries. For instance, there is a chemical compound that could prove to be a potent weapon against arthritis and wrinkles, and a catalyst that could make fuel cell vehicles cheaper. Each technology description is accompanied by its industry applications, advantages of the technology versus its existing competitors, a brief biography of the inventor, and the technology’s current stage in development.
Creating and maintaining the easy-to-use repository of technology is a collaborative effort between the University’s Offices of Technology Transfer, which handles the intellectual property, the Simon Graduate School of Business, and the Center for Entrepreneurship.