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Wednesday, November 20, 2013
New program aims to commercialize Cornell technology

Think (scientific) soup to (commercial) nuts: To provide a corporate leg up to technology opportunities and startup companies emerging from research here, the new Cornell Technology Acceleration and Maturation (C-TAM) program is designed to propel promising ideas toward commercial viability.

“C-TAM is a bridge from the status quo of bench research to licensable technologies and investable baby companies,” said Lou Walcer, director of Cornell’s Kevin M. McGovern Family Center for Venture Development in the Life Sciences. “In our world of academic research, we move in stages from raw ideas to early technologies to licenses, some of which go to startups that create jobs and contribute to the regional economy. We are hoping C-TAM will help high-potential technologies to attract strategic partners, startup management teams and investors. The concept is to get the ideas ready for ‘prime time’ and to get them there faster – that’s acceleration and maturation.”

C-TAM, which will formally launch in 2014 with funding from the Office of the Vice Provost for Research, will be supported by a share of the licensing revenues from funded projects, subsequent loan repayments from the initial project investments, and philanthropic donations from alumni and friends of Cornell...