Source: Dalhousie University
Dalhousie University Receives $90,000 in Funding for Commercialization
November 6, 2006
A new way to diagnose asthma in children. An innovative approach to chemistry instruction. A novel diagnostic marker for pediatric cancer. These are just a few of the inventions that received awards through two key Springboard Atlantic Inc. programs.
With a mandate to increase commercialization of academic research, each year
Springboard provides $20,000 for promising early stage inventions through its Proof-of-Concept Program and $10,000 for investment-ready technologies through its Patent and Legal Fund.
"These two programs support innovation early in the development process, when itís often needed the most," says Sara Jane Snook, Executive Director, Springboard Atlantic. "We provide the academic researchers with some critical seed money to jump start their projects."
This type of support is especially important in Atlantic Canada where 63 per cent of all the regionís research and development takes place at the 14 universities which make up the Springboard network.
"Some of the most progressive, cutting-edge research is being conducted within the four Atlantic Provinces," says The Honourable Peter MacKay, Minister responsible for the Atlantic Canada Opportunities Agency (ACOA). "Springboard doesnít just help with key funding but it provides critical guidance to university researchers as they transfer their research to the private sector.
Through Springboard, there are technology transfer offices on almost all of its 14 membersí campuses staffed with employees who are knowledgeable about disclosures, patents and licensing agreements. This staff works collaboratively with the researchers to ensure that their ideas are protected and developed as they move forward with the commercialization process.
"Many researchers excel in the lab but are the first to admit that they are not business people," says Snook. "The network provides the knowledge, the experience and the resources to move the technologies out into the Atlantic Canada economy.
Ten projects received the Proof-of-Concept award and nine received the Patent and Legal Fund award for a total contribution of $290,000 in 2006. A complete description of the winners can be found on Springboardís website: www.springboardatlantic.ca
The Springboard Proof of Concept and Patent and Legal awards are funded by ACOA through the Atlantic Innovation Fund. Springboard Atlantic works to bring vital research out of the university labs into the private sector. The Springboard network is made up 14 universities across Atlantic Canada who work collaboratively to advance the commercialization of academic research.
About Dalhousie: Dalhousie is a comprehensive, research-intensive university with more than 15,500 students. In The Scientist magazine, it was recently named one of the best non-commercial places to work as a scientific researcher outside the United States.
Media inquiries, contact: Ronald E. Layden, Ph.D. Executive Director Industry Liaison and Innovation Dalhousie University Email: email@example.com Web: www.dalinnovation.com Phone: 902-494-3237 FAX: 902-494-5189