Crane: Purdue Partnership Could be Long-LastingPosted: Updated:
The commanding officer at Crane Naval Surface Warfare Center says a commercialization partnership with Purdue University could be mutually beneficial for decades. Captain JT Elder says the agreement, which will be formalized today, will strengthen the state by leveraging hundreds of pieces of intellectual property that could lead to economic development and jobs. During an interview this week, Purdue Research Foundation President Dan Hasler told Inside INdiana Business the installation and university together have around 700 pieces of intellectual property looking to be licensed.
Two Purdue professors have been at Crane for months investigating commercialization possibilities.
Source: Inside INdiana Business
August 22, 2014
WEST LAFAYETTE, Ind. and CRANE, Ind. - Naval Surface Warfare Center Crane Division (NSWC Crane), Purdue Research Foundation and Purdue's Discovery Park have signed a partnership intermediary agreement that will showcase both organizations' intellectual property to expedite and support the move of innovations to the public.
"Crane has an incredible intellectual property portfolio, and we've had success at moving those technologies to the public," said Brooke Pyne from Crane's Technology Transfer Office. "Partnering with academia provides Crane a credible avenue to move even more innovative technology through the commercialization pipeline with a goal of increasing the number of licensing and startup deals for both organizations."
Under the agreement, NSWC Crane and Purdue will remain independent in ownership of their relative intellectual property, but Crane's intellectual property will be marketed alongside Purdue University's innovations through the Purdue Office of Technology Commercialization, which is managed by the Purdue Research Foundation.
"By showcasing Crane's intellectual property with Purdue's in our marketing databases, we are providing an even deeper pool of available innovations to established companies and startups looking for innovations to commercialize," said Dan Hasler, president and chief entrepreneurial officer of Purdue Research Foundation. "This partnership creates a unique opportunity for both of us and the people we serve. As Indiana's land-grant university, an important part of Purdue's mission is to help the residents of our state and beyond, and one way we can do this is by developing technologies to help improve lives and by using the commercialization to create startups and jobs for Hoosiers.
"Because much of Crane's and Purdue's research is focused on similar disciplines and industries, the partnership could lead to bundling Crane's and Purdue's licensing deals into one package."
NSWC Crane's strength in intellectual property includes technological advances for sensors, antennas and radar used for the Department of Defense and national security. Purdue's portfolio of available innovations includes strengths in life sciences, engineering, agriculture, technology, IT, computer sciences and manufacturing.
Purdue uses a number of electronic marketing methods to promote its innovations including FlintBox, an online tool to promote innovations; its own Web page of available technologies; a monthly e-newsletter with more than 100,000 subscribers; and an Innovation and Entrepreneurship landing page of resources for investors, entrepreneurs, researchers and potential collaborators. Purdue also is reviewing other collaborative opportunities to promote its intellectual property portfolio.
About Purdue Research Foundation
The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Established in 1930, the foundation accepts gifts; administers trusts; funds scholarships and grants; acquires property; and promotes entrepreneurial activities on behalf of Purdue. The foundation manages the Purdue Foundry, Purdue Office of Technology Commercialization, Purdue Research Park and Purdue Technology Centers. The foundation received the 2014 Incubator Network of the Year by the National Business Incubation Association for its work in entrepreneurship. For more information about funding and investment opportunities in startups based on a Purdue innovation, contact the Purdue Foundry at firstname.lastname@example.org
About NSWC Crane
NSWC Crane is a naval laboratory and a field activity of Naval Sea Systems Command (NAVSEA) with focus areas in Special Missions, Strategic Missions and Electronic Warfare. The Warfare Center's research and development efforts support the Warfighter by providing capabilities and resources to advance technologies for the military. The mission of NSWC Crane is to provide acquisition engineering, in-service engineering and technical support for sensors, electronics, electronic warfare and special warfare weapons.
Source: Purdue Research Foundation