Tri-Cities Tech Business Update
Business accelerator launched for technology commercialization
Pacific Northwest National Laboratory is one of eight research institutions partnering with The University Funds, a new venture development firm based in Bellevue, Wash., to develop collaborative programs to drive the identification, assessment and subsequent commercialization of high potential innovations. The University Funds has started a unique company that will help commercialize intellectual property by combining the entrepreneurial leadership and management capabilities of a startup business accelerator with a planned venture capital fund to drive commercialization of intellectual property developed at research institutions. Other research organizations partnering with company include Washington State University and the University of Washington, as well as other universities from Oregon, Idaho, Arizona, and Utah. Contact Jim Torina at 949-697-4483.
