The Office of Technology Transfer (OTT), in collaboration
with the Georgia Research Alliance (GRA), has launched a pilot project
that may establish the basis for an Emory VentureLab that performs
a function similar to an existing office at Georgia Tech.
VentureLab is a GRA strategy for enhancing and accelerating the
process of spinning new technology-based enterprises out of university
research. As a one-stop center for technology commercialization,
VentureLab provides a clear pathway from laboratory innovation to
commercial market, offering assistance to faculty members throughout
Through a grant from the GRA, Emory has launched a pilot project
to proactively seek out departments and individual researchers who
may be conducting research with commercial potential. OTT representatives
are meeting with department heads and individual researchers to
discuss research projects and new technologies that may have the
potential to form the basis for new business ventures.
“Although there has been an increase in faculty interest in
entrepreneurship and technology commercialization in recent years,
OTT has not until now had the resources to take an active role in
providing assistance to fledgling new ventures,” said Mary
Severson, assistant vice president and chief technology officer.
“Through this assessment, OTT will be able to evaluate the
breadth of opportunity for startup companies and design a VentureLab
program that will meet these commercialization needs, utilizing
in part the technology transfer resources already in place at Emory.”
A positive by-product of the assessment, Severson explained, is
that it will provide an opportunity to educate Emory researchers
about the technology transfer process and the resources available
to investigators for commercialization of research findings.
When Emory’s project moves past the pilot phase into its operation
mode, VentureLab experts will help evaluate the commercial potential
of University research innovations, connect faculty members to experienced
entrepreneurs with the track records necessary to attract outside
funding, and assist in developing a strategy for transforming a
laboratory discovery into a commercial product or service.
To learn more about Georgia Tech’s VentureLab, visit www.venturelab.gatech.edu.
For more information about OTT’s VentureLab pre-assessment
at Emory, or for recommendations of investigators who might be conducting
research in specific departments with commercial applications, contact
Katharine Caesar at Katherine_Caesar@bus.emory.edu.