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Technology Commercialization Assistance Quick LinksProducts we use every day (telephone, lightbulb, elevator, PC) were once just an idea until an entrepreneur turned them into reality. In fact, new technologies are small business specialties. They are also a great way to grow your business. The SBDC's technology commercialization services can equip you with the skills you need to develop a corporate strategy and help bring new technologies to market. New Energy Idea ContestOur partners, Ben Franklin Technology Partners of Central & Northern PA and PennTAP, will award one winning entrepreneur with $35,000 to start or develop a clean energy-oriented idea that could turn into a business opportunity. Deadline: April 15, 2010.
Angel Venture FairThe Angel Venture Fair is the annual consortium of private angel investors across the mid-Atlantic region. AVF will be held on April 6, 2010 at the Union League in Philadelphia. Apply TODAY! ServicesSBDC technology consultants assist technology firms with business management issues specific to their needs including:
The SBDCs also offer assistance to struggling US Department of Defense contractors affected by base closure and reduction, helping them to locate markets. If you are ready to transform your idea into a commercially-viable product, consider tapping into the SBDC's Engineering Development Services, hosted by Bucknell University's College of Engineering. Entrepreneurs who have an existing technology product that they are looking to commercialize can receive assistance at any of the SBDCs in the 18-center network. FinancingConsultants at your local SBDC can assist you with financing proposals, marketing, advertising and any other help you need to bring your product to market. For instance, every year, the government offers more than $2.5 billion in small business funding for technology and science innovations through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. In 2008, the SBDC helped clients obtain 28 such investments totaling nearly $18 million. The SBDC can help you:
In addition, the SBDCs offer educational programs throughout the year covering financing strategies and proposal preparation. Download our Guide to Federally-Funded Research Budgeting and Accounting Engineering Development ServicesEngineering Development Services (EDS) allows clients of the Pennsylvania SBDC network to tap the resources, technical expertise, and research and development opportunities of a world class engineering college at Bucknell University. EDS is a resource for those seeking to create new products, improve existing products, and for a variety of other areas of engineering assistance. EDS can assist your firm with manufacturing process improvement projects, investigate new technologies, and work with you to explore new markets for your manufacturing capabilities. SBDC staff guide each project with support from engineering college faculty, staff, student interns, and even long-term class projects. Clients can receive assistance in product design and re-design, prototype construction, and product testing, guided through our customized new product development process. Through Engineering Development Services, clients have access to resources such as computer aided design (CAD) and analysis software, the Project Development Laboratory (a fully equipped machine shop), Rapid Prototyping equipment, and over thirty other state-of-the-art laboratories. When the development phase is complete, the SBDC staff can help you identify vendors to manufacture your product. Product development projects supported by the Engineering Development Services include:
For more information on the SBDC's Engineering Development Services, visit the Bucknell University SBDC website. Success StoriesLearn about some of the companies that have commercialized their technologies with SBDC assistance by reading the stories below.
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