From Name:
From Email:
To Name:
To Email:

Optional Message:

University of Iowa Research Foundation Increases Funding Efforts to Promote Economic Growth

from The Gazette

Gail Bishop is doing all she can to avoid "the valley of death." A fate to which Bishop — a professor of microbiology and internal medicine at the University of Iowa — said she has seen too many academics fall prey. Bishop and her business partner and fellow UI scientist Tony Vanden Bush have created a medical technology they feel can be commercialized. (See "Lock and key" sidebar.) However, the pair is faced with the quintessential problem of translating an idea from the lab into a business venture. "In science, they call it the valley of death," Bishop said. "You get to this point where it sounds really, really promising, and over there is the product in the box, and who wants to get you across that gap? A company wants something that is as close to a sure thing as it can possibly be." To entice potential investors, Bishop and Vanden Bush must complete further tests and proof of concept work, and the University of Iowa Research Foundation has identified their work and other academic undertakings as worthwhile. As a result, the foundation created the 2012 ICE Commercialization Gap Fund — a $1 million fund for FY 2012 that will help academics bankroll the critical research to cross "the valley," and potentially lead to the creation of companies or licensing of technologies for the UI. more

Powered by MultiBriefs
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063