Leveraging Late Stage Industrial Intellectual Property for Economic Development and Entrepreneurship
Douglas N. Arion
Hedberg Distinguished Professor of Entrepreneurial Studies and Professor of Physics,
Center for Advanced Technology and Innovation
Carthage College and the Center for Advanced Technologies and Innovation (CATI) have developed and implemented a successful model in which students use underutilized, late-stage intellectual property (IP) culled from industrial partners to develop the knowledge, attitudes, and skills of entrepreneurship, and develop products that result in regional economic development. The IP utilized is late-stage—more appropriate for commercialization than more traditional technology transfer activities based on early-stage research activities. The senior business plan projects in the Carthage ScienceWorks program are designed around leveraging CATI IP, and have resulted in several successful startups and new ventures. This workshop will describe a number of the success stories, and provide the background, methodologies, and databases that will allow other NCIIA members to utilize both this approach and the extensive intellectual property library of CATI in their own programs.