Students recognized for business plan on PNNL's fluid analysis technology
May 28, 2009
Team part of PNNL’s hands-on Technology Entrepreneurship Program
RICHLAND, Wash. –
Four Tri-Cities MBA students took high honors at an annual Washington State University competition for their innovative business plan for marketing an oil analysis technology developed at the Department of Energy’s Pacific Northwest National Laboratory.
The winning plan seeks to commercialize In-Line Fluid Analysis Technology, which can save consumers time and money by looking for contaminants in vehicle lubricants. The students proposed using the technology to prevent long-haul truckers from changing their oil more than necessary.
The student team was part of PNNL’s Technology Entrepreneurship Program. The program is collaboration between PNNL and three regional universities, including WSU. It gives graduate students real-world experience creating business plans for promising technologies developed at PNNL.
“PNNL is proud of these Technology Entrepreneurship Program students for excelling in this competition,” said Robin Conger of PNNL’s Economic Development Office. “This program helps transform students into the next generation of entrepreneurs who can effectively translate technologies into businesses.”
The team included two PNNL employees, Jennifer Betker and Larry Smith, as well as two others, Walter Timmons and Steve Luten. All four recently graduated from WSU Tri-Cities’ MBA program. They placed second in the graduate student division of the WSU Business Plan Competition in Pullman, Wash., April 17-18. The event included more than 130 competitors in four divisions.
The In-Line fluid Analysis Technology is available for licensing. For more information, call Bruce Harrer, manager of PNNL’s Technology Commercialization office, at (509) 375-6958.
Tags: Technology Transfer and Commercialization, Economic Development