{"47184":{"#nid":"47184","#data":{"type":"news","title":"VentureLab Showcases Faculty Innovations Moving Toward Commercialization","body":[{"value":"\u003Cp\u003EVentureLab showcased 10 faculty-developed technologies at varying stages in the technology transfer process, opened laboratories for tours and gave brief presentations in the GCATT auditorium.  Attendees had the opportunity to spend time with individual Georgia Tech faculty members and VentureLab staff to discuss the technology prospects in detail.\u003C\/p\u003E\u003Cp\u003EGeorgia Tech President Wayne Clough spoke to attendees, noting that while Georgia Tech is breaking ground in technology transfer activities, economic devleopment is not a new mission for the university.  The state created Georgia Tech in 1885 to help move the South\u0027s economy from an agrarian to an industrial one, so economic development has always been on par with Georgia Tech\u0027s education, research and service missions, he said.\u003C\/p\u003E\u003Cp\u003E\u0022Today our mission is only different in that we are in an age of information and services,\u0022 Clough explained.  \u0022We serve the original intent of our economic development mission in a different way.\u0022\u003C\/p\u003E\u003Cp\u003EBuilding upon extensive federally funded research in science and engineering, Georgia Tech faculty and students are creating innovative technologies with commercial potential.  \u0022We have many great new ideas boiling away at Georgia Tech, and many of them will make their way into the commercial arena,\u0022 Clough said.\u003C\/p\u003E\u003Cp\u003EGeorgia Tech is committed to supporting entrepreneurial activities by faculty and students to make this goal a reality, Provost Jean-Lou Chameau told the group.  He pointed to Georgia Tech\u0027s creation of VentureLab last fall and the university\u0027s operation of the Advanced Technology Development Center (ATDC), a technology business incubator.  Also, the university\u0027s commitment was recognized earlier this year in \u0022Innovation U.,\u0022 a report from the Southern Growth Policies Board, which cited Georgia Tech as the most advanced with regard to universities\u0027 roles in a knowledge economy, Chameau said.\u003C\/p\u003E\u003Cp\u003ESince its formation a year ago, VentureLab has evaluated 90 research innovations involving more than 100 faculty.  A dozen of those innovations were identified as having commercial potential.  Of those with commercial interest, four have so far been the basis for formation of new companies.  Two of them, Qcept Technologies and Radatec, Inc., have already been admitted to the ATDC.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EGeorgia Tech\u0027s VentureLab, a center for commercialization of university research, recently gave about 200 investors and industry representatives a first look at early-stage technologies during its first Technology Day.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":"","uid":"27304","created_gmt":"2002-12-12 01:00:00","changed_gmt":"2016-10-08 03:03:45","author":"Matthew Nagel","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2002-12-12T00:00:00-05:00","iso_date":"2002-12-12T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"related_links":[{"url":"http:\/\/www.venturelab.gatech.edu\/december92002.htm","title":"Georgia Tech\u0027s commitment"}],"groups":[{"id":"1214","name":"News Room"}],"categories":[{"id":"135","name":"Research"}],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Ca href=\u0022mailto:lisa.grovenstein@comm.gatech.edu\u0022\u003ELisa Grovenstein\u003C\/a\u003E\u003Cbr \/\u003ECommunications \u0026amp; Marketing\u003Cbr \/\u003E404.894.8835\u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/p\u003E","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}