IU, Crane Re-Sign Commercialization Agreement
BLOOMINGTON and CRANE - Officials from Indiana University and Naval Surface Warfare Center Crane Division have re-signed a Partnership Intermediary Agreement. IU says the agreement will give NSWC Crane the ability to commercialize more innovative technology and could provide more economic development and job creation in southern Indiana.
IU says the goal of the partnership is to increase the number of licensing and startup deals for both the university and Crane. It will allow IU to showcase high-tech inventions and NSWC Crane to share research and development resources.
IU Vice President for Research Fred Cate says re-signing the agreement could have a large impact.
"IU's partnership with Crane is an important demonstration of the ways we can help the Navy reach its goals in high-performance computing, big data, artificial intelligence and so many other areas," said Cate. "IU's research is pushing the boundaries of what is technically possible, and the breakthroughs we achieve working with Crane and other partners are a key way we serve the people of Indiana and the nation."
The agreement is one of a dozen between the university and NSWC Crane. Commanding officer Capt. Mark Oesterreich says the relationship between the two entities continues to grow.
"NSWC Crane's partnership with Indiana University has expanded over the past two years. Our growth from three to twelve collaborative agreements speaks volumes to a long-term strategic research partnership," said Oesterreich. "By leveraging our combined resources, specialized facilities and investments, we can more quickly provide technological solutions to the warfighter."