The University of Central Florida is leading a new national effort to help late-stage technology companies move from validated technology to commercial success. With a $20 million investment from the U.S. National Science Foundation, UCF is heading the National Commercialization and Translation Institute, a two-year pilot program. Small U.S. businesses working across a range of technologies and seeking support to scale their reach can learn more about NCTI through the university.
The effort has drawn support from more than 30 organizations spanning industry, academia, national laboratories and the innovation community. Samsung, Siemens, Lockheed Martin and L3Harris are among the industry leaders that submitted letters of support, while research and higher education institutions backing the effort include UC Berkeley, the Florida High Tech Corridor, Oak Ridge National Laboratory, Pacific Northwest National Laboratory and Sandia National Laboratory.
Ivan Garibay, a UCF professor of industrial engineering and management systems and the principal investigator for NCTI, will lead the institute. Garibay has spent more than 20 years advancing research on modeling and simulating complex systems that combine social, technological and economic factors, and previously served as the Office of Research's director of technology and innovation. Michael Georgiopoulos, dean of UCF's College of Engineering and Computer Science for over a decade, will contribute as a co-principal investigator. Under UCF's leadership, NCTI will study companies that have progressed beyond the initial stages of research and development, examining how combinations of support such as capital investment, mentorship, training, prototyping and testing, and market validation can most effectively accelerate commercialization.
Press release issued by UCF Today:
https://www.ucf.edu/news/ucf-led-20m-nsf-initiative-scales-tech-driven-business-growth-at-national-level/
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