RSS feed source: National Science Foundation
The U.S. National Science Foundation today announced a $20 million investment to launch a two-year pilot supporting small businesses in commercializing their deep-technology ventures. The pilot aims to address a persistent gap separating federally funded deep technology research from commercial success. The investment ensures that the U.S. remains at the forefront of global innovation.
“NSF invests in small businesses that bring the most innovative, cutting-edge technologies to the market,” said Erwin Gianchandani, NSF Assistant Director for Technology, Innovation and Partnerships. “By helping these companies go further in bridging the so-called ‘valley of death,’ we can build on NSF’s R&D investments and help more breakthrough innovations reach the market, strengthening U.S. competitiveness and economic growth.”
“We are grateful to NSF for its continued confidence in UCF and for the opportunity to help shape the future of research translation and commercialization,” said University of Central Florida (UCF) President Alexander N. Cartwright. “Discovery reaches its greatest potential when it moves beyond the laboratory and improves lives, strengthens industries and creates opportunities. UCF’s National Commercialization and Translation Institute (NCTI) builds on UCF’s growing national leadership in helping promising technologies become products, companies and economic growth. With Central Florida’s extraordinary concentration of talent, industry, and innovation, UCF is well positioned to build a model that can deliver impact for Florida and across the nation.”
Led by UCF’s NCTI, the pilot
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