A major defense industry conference is set for next week in Indianapolis. The Federal Labs Consortium's 2014 Midwest Regional Meeting will focus on commercialization, laboratory innovation and technology transfer. Lieutenant Governor Sue Ellspermann will deliver the keynote speech. August 13, 2014

News Release

INDIANAPOLIS, Ind. – Lt. Governor Sue Ellspermann will be the keynote speaker at the Federal Labs Consortium's 2014 Midwest Regional Meeting being held in Indianapolis for the first time.

Registration is now open for the conference, which will be held at the Indianapolis Marriott Downtown hotel on Tuesday, August 19th and Wednesday, August 20th.

The meeting will showcase federal laboratory lab innovation, and discuss ways individuals, companies, and other entities can access these tax payer funded inventions for commercial use.

This process, known as tech transfer, in the Department of Defense alone resulted in a total cumulative sales of over $13 billion between 2000 to 2011. Research and development contracts to further develop the available technologies accounted for over $590 million. Companies reporting the majority of these sales were not traditional defense contractors, but new partners with the Department of Defense and other federal agencies.

The Federal Labs Consortium 2014 Midwest Regional meeting allows visionary leaders of existing corporations and entrepreneurs the opportunity to build collaborative partnerships and learn more about innovative technologies that are currently available for commercialization.

Duane Embree, Executive Director of the Indiana Office of Defense Development (IODD) and former Technical Director of NSWC Crane said, “IODD is pleased to be a partner of the Federal Laboratory Consortium Midwest Regional Meeting. It is fitting this event be held in Indianapolis, as Indiana has positioned itself at the forefront in the commercialization of military inventions, or tech transfer, by developing the infrastructure, systems, and people to support success in these endeavors.”

Midwest laboratories attending include Argonne National Laboratory, NASA Glenn, 5 different Air Force Research Labs, NSWC Crane, Agriculture Research Service, Forestry Service, Environmental Protection Agency, Tank and Automotive Research, Development and Engineering Center, and more.

Highlights of the event also includes a macro analysis on the collective intellectual property portfolio of the Midwest labs including over 1,400 patents. Three expert panels discussions will be held on the topics working with federal labs from the perspective of capital, entrepreneurship, and technology based economic development groups.

The entrepreneurship panel discussion will be hosted by RPX Group, Chicago, while the panel discussion focusing on capital will be hosted by Purdue Foundry. Both the RPX Group and Purdue Foundry are co-sponsors and partners in this event.

“The funding landscape for entrepreneurs includes a wide range of financing options” said John Hanak, Entrepreneur in Residence at The Purdue Foundry. “This event allows forward-thinking companies and entrepreneurs the opportunity to not only discover already existing innovation, but to learn more about the ins and outs of raising capital to support their venture.”

The showcase of the lab's top technologies includes focus on key technology areas of energy (processes or means for conversion); chemical or physical properties (analyzing, processes and apparatuses); micro-organisms and enzymers; and layered products built up of strata.

More information and registration can be found at flcmidwest.org

ABOUT Purdue Foundry – Based in Discovery Park’s Burton D. Morgan Center for Entrepreneurship, the Foundry enhances the outstanding activities already taking place in the facility. The Foundry supports faculty, staff and student innovators in all Purdue colleges and departments, and actively engages outside businesses and investors to encourage collaborative research and startup development. www.purduefoundry.com

ABOUT RPX Group – RPX Group is a technology commercialization firm and strategic stakeholder in early stage startups. Our partners and staff have diverse domain expertise, management skill sets, industry experience and dedication to new venture creation. RPX Group works with technology aggregators who develop innovations, but need assistance developing successful businesses. www.rpxgroup.com

Source: Radius Indiana

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