March 4, 2010
Written by: Amber Dean
Four Texas Tech researchers have been selected to present technologies to venture capitalists and license partners at the WBT Showcase 2010 March 16-17 in Arlington. The annual event provides commercial market exposure for more than 100 different technologies from across the nation.
“The conventional wisdom for venture capital is that a down economy can be a great time to invest,” said Paul Huleatt, WBT Showcase chief executive officer. “The pace of new innovations accelerates, the best deals rise quickly to the top and sophisticated investors receive great value for their money.”
According to Huleatt, one in three WBT Showcase presenters goes on to secure venture funding, license their technology or sell their IP outright. He also added that researchers who present their technologies at the WBT Showcase leave with new contacts and information that help take their technologies to the market.
“This is an excellent opportunity to highlight some of Texas Tech’s most promising technologies,” said Amber Dean, associate managing director of the Office of Technology Commercialization (OTC). “Some of the nation’s largest companies and investment firms attend this event each year in search of new investment ideas. We want to help them understand the market potential of these technologies and work with them to develop commercial market applications.”
Attending conferences such as the WBT Showcase allows the OTC the opportunity to meet hundreds of potential investors/licensees under one venue and to form important relationships. A good contact at a specific company is often the first step in creating a meaningful relationship for future commercialization of university technologies, Dean said.
The office works with university researchers to bring their discoveries and inventions to the marketplace, works to protect the intellectual property developed through university research and bring it to the public through licensing agreements and the creation of startup companies.