- About Us
- Nano-Social Network
- Nano Consulting
- My Account
|Cornell Center for Technology, Enterprise and Commercialization (CCTEC)|
With its highest-ever gross revenues and largest number of spinoff businesses launched to date, the Cornell Center for Technology, Enterprise and Commercialization (CCTEC) had its most successful year in fiscal year (FY) 2010.
By Anne Ju
In the fiscal year that ended June 30, CCTEC granted 114 commercial licenses to industry partners to develop Cornell technologies. Also, 12 new businesses were founded on licensed Cornell technologies this year -- the highest number of startups spun out of Cornell in any fiscal year. The center grossed ordinary licensing revenues of $9 million this year, up from $5.1 million the previous year.
"CCTEC helps to make the results of the tremendous research at Cornell useful to the society and serve the public," said Alan Paau, Cornell's vice provost for technology transfer and economic development and executive director of CCTEC. "It bridges the academic-industry interface. To the extent possible, CCTEC leverages Cornell technologies to enhance regional economic vitality."
Of the 12 startups that CCTEC helped found this year, 11 are located in New York state. iFyber LLC, for example, is built on technology developed by Juan Hinestroza, assistant professor fiber science and apparel design. The company makes synthetic fibers functionalized with such properties as electrical conductivity, anti-microbial action and identity authentication using nanoparticle coatings.
Another startup, New York City-based Ezra Pharmaceutical, commercializes the work of Randi Silver, associate professor of physiology, and Roberto Levi, professor of pharmacology, both at Weill Cornell Medical College. The company is developing a first-ever preventative therapy for diabetes-related blindness, or diabetic retinopathy.
The center, whose mission is to develop Cornell science and technology into products and services for the public good, also kept pace with previous milestone numbers of new technology disclosures. FY 2009 was the first time that more than 300 new disclosures were made to CCTEC; in FY 2010 CCTEC again received more than 300 new disclosures.
Laura Cima, CCTEC's outreach and economic development manager, said CCTEC's mission aligns closely with Cornell's land-grant mission to serve the state and the wider public.
"Technology transfer is increasingly active at Cornell," Cima said. "It's good for New York state, good for Cornell and good for Cornell research."
In addition to its successes in commercialization and licensing, in 2010 CCTEC also settled two longstanding legal disputes related to Cornell inventions and licensing with industry partners, resulting in extraordinary revenues. Its ordinary licensing revenues were still the highest ever, even without the income from the legal settlements.
For more information, please click here
Copyright © Cornell UniversityIf you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
News and information
Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016
Oxford Nanoimaging report on how the Nanoimager, a desktop microscope delivering single molecule, super-resolution performance, is being applied at the MRC Centre for Molecular Bacteriology & Infection November 22nd, 2016
New Agricultural Research Center Debuts at UCF October 12th, 2016
New active filaments mimic biology to transport nano-cargo: A new design for a fully biocompatible motility engine transports colloidal particles faster than diffusion with active filaments January 11th, 2017
Leti to Tackle Tomorrow's Research Strategies with Stanford University’s SystemX Alliance: French R&D Center Is the First Research Institute to Join the Collaboration and Provides Bridges Between Academia and Industry, Leveraging Alliance’s Potential October 4th, 2016
Picosun patents ALD nanolaminate to prevent electronics from overheating September 28th, 2016
NIST Patents Single-Photon Detector for Potential Encryption and Sensing Apps September 16th, 2016
Arrowhead Pharmaceuticals to Webcast Fiscal 2016 Year End Results December 7th, 2016
Nanometrics Reports Second Quarter 2016 Financial Results July 26th, 2016
'Back to the Future' inspires solar nanotech-powered clothing November 15th, 2016
Stretchy supercapacitors power wearable electronics August 25th, 2016
GLOBALFOUNDRIES Expands Partner Program to Speed Time-to-Market of FDX™ Solutions: Increased support affirms FDXcelerator™ Program’s vital role in promoting broader deployment of GLOBALFOUNDRIES’ FDX™ portfolio December 15th, 2016
Infrared instrumentation leader secures exclusive use of Vantablack coating December 5th, 2016